Patent ID: 6581045
Filing Date: 2003-06-17
Classification: G06Q

Abstract:
An asset management system adapted to provide an analysis of the condition of a physical and structural asset, and allow a user to evaluate the effect of repair/replacement activities on said condition of said asset, said system comprising:data entry means comprising a portable computer for entering data representative of problems or defects associated with said asset; a first memory for receiving and storing said data representative of said problems or defects, and for receiving and storing data representative of generic information associated with said asset; first processing means for processing said data representative of said problems or defects, and generating condition factor signals representative of a figure of merit of the condition of said asset; second processing means for processing said data representative of said generic information, and generating serviceability estimate signals representative of the anticipated useful life of said asset, based upon said condition factor signals and said generic information; a second memory for storing financial data representative of costs of repairs of defects of said asset, and replacements of said asset; third processing means responsive to input data from said user and data stored in said first and said second memories for generating modified condition factor and serviceability estimate signals representative of a modified figure of merit of the condition of said asset and a modified anticipated useful life of said asset, based upon user input data representing an assumption of repairs of one or more defects of said asset, or based upon an assumption of replacement of said asset; and said third processing means further generates financial data signals representative of the monetary costs of said repairs of said asset, or said replacement of said asset, and a value as a monetary amount of said asset wherein said value will vary based upon a selection of said repairs or said replacement of said asset.