PREDICTIVE REPLACEMENT FOR HEAVY MACHINERY
Number of patents in Portfolio can not be more than 2000
United States of America
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Issued Date -
Mar 5, 2020
app pub date -
Nov 7, 2019
filing date -
Nov 7, 2019
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Abstract
Systems and methods for predicting replacement of a component of an industrial machine. One system includes an electronic processor configured to determine a wear rate of the component based on a current dimension of the component and historical dimensions of the component and determine a replacement cost for the component. Determining the replacement cost includes determining a cost of downtime for replacing the component based on a time for replacing the component and a downtime cost for the industrial machine during the time for replacing the component, a material cost in replacing the component, and an operating cost of the industrial machine associated with not replacing the component. The electronic processor is also configured to determine a replacement recommendation for the component based on the wear rate, the replacement cost, and discard criteria and output the replacement recommendation.
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