Patent ID: 9405291
Filing Date: 2016-08-02
CPC Classification: G05B,Y02P

Claim Text:
1. A method comprising: monitoring an equipment parameter associated with an asset in an operating process unit; calculating an equipment health value associated with the equipment parameter, the equipment health value based on a relationship of a value of the equipment parameter to a range between baseline data and a corresponding limit; monitoring a process parameter associated with the asset; calculating an alarm health value when a value of the process parameter triggers an associated alarm, the alarm health value corresponding to a fixed value based on an assigned weight of the alarm relative to different alarms associated with different process parameters; and determining an asset health value corresponding to the asset based on the equipment health value and the alarm health value, the asset health value indicative of an overall health of the asset; and implementing a remedial action associated with the asset to improve the overall health of the asset when the asset health value fails to satisfy a threshold.