Method and system for performing model-based multi-objective asset optimization and decision-making

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United States of America Patent

PATENT NO 7536364
APP PUB NO 20060271210A1
SERIAL NO

11116920

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Abstract

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A method and system for performing model-based multi-objective asset optimization and decision-making is provided. The method includes building at least two predictive models for an asset. The building includes categorizing operational historical data via at least one of: controllable variables, uncontrollable variables, output objectives, and constraints. The building also includes selecting at least two output objectives or constraints, and identifying at least one controllable or uncontrollable variable suitable for achieving the at least two output objectives or constraints. The method also includes validating each predictive model and performing multi-objective optimization using the predictive models. The multi-objective optimization includes specifying search constraints and applying a multi-objective optimization algorithm. The method further includes generating a Pareto Frontier, and selecting a Pareto optimal input-output vector.

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Patent Owner(s)

Patent OwnerAddress
BAKER HUGHES A GE COMPANY LLC17021 ALDINE WESTFIELD HOUSTON TX 77073

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Bonissone, Piero P Schenectady , US 7 531
Eklund, Neil H Schenectady , US 4 251
Iyer, Naresh S Clifton Park , US 6 187
Knodle, Chad E Dayton , US 2 185
Schmid, James J Kirkland , US 6 239
Shah, Rasiklal P Latham , US 9 469
Subbu, Rajesh V Clifton Park , US 4 207
Yan, Weizhong Clifton Park , US 74 1651

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