Patent ID: 7840432

Claim:
A computer implemented method for managing commodities, the computer implemented method comprising: identifying, by a processing unit, a set of cost driver subparts corresponding to an aircraft type commodity based on part history data, wherein the part history data is obtained using data mining techniques to filter relevant part data from a set of data sources; generating, by the processing unit, a keyed hierarchical breakdown coding sequence for the set of cost driver subparts such that a code in the keyed hierarchical breakdown coding sequence is associated with each of the cost driver subparts and components of the each of the cost driver subparts; populating, by the processing unit, a commodities cost analysis database with cost-related part failure data and configuration data for the set of cost driver subparts based on maintenance and supply data from the set of data sources; computing, by the processing unit, estimated future repair costs for the set of cost driver subparts; and presenting, by the processing unit, the estimated future repair costs, cost-related part failure data, and configuration data in the commodities cost analysis database, wherein the commodities cost analysis database is used to examine equipment health of a commodity.