Method and computer system for controlling an industrial process using financial analysis
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United States of America Patent
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Oct 3, 2000
Grant Date -
N/A
app pub date -
Feb 20, 1998
filing date -
Feb 20, 1998
priority date (Note) -
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Abstract
A method and computer system for controlling an industrial process are disclosed. The industrial process has problems which adversely effect its performance. A personal computer is programmed with a database and a custom application. The database contains data describing the attributes and performance of the process to be controlled. The custom application calculates the financial value of each of the problems. The calculation of the financial value of each problem takes into account market conditions which affect the amount of product which could be sold if made and the marginal profitability of the product and how much optimum process time each problem takes up. The financial values of the problems are used to prioritize the problems, allowing them to be remedied accordance with their priority.
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