Patent ID: 9312695
Filing Date: 2016-04-12
CPC Classification: G06Q,H02J,Y04S

Claim Text:
1. A method of managing implementation of a power transformer, said method comprising: utilizing a processor to execute computer code configured to perform the steps of: determining at least one parameter currently relating to operation of a transformer; determining a revenue value currently assigned to the transformer; determining a depreciation value currently assigned to the transformer; and determining a power output for the transformer for a future time slot that increases total revenue with respect to a life cycle of the transformer; the power output being determined based on the at least one parameter, the revenue value, and the depreciation value; wherein said determining of a power output comprises solving an optimization problem to determine a power output designated for the transformer to carry in the future time slot; said solving comprising accepting as input: a predictive price distribution; a predictive demand distribution; and a predictive temperature distribution; the predictive price distribution being represented by a probability distribution function.