Bit Selection Using Bit Fleet Management
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United States of America Patent
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Issued Date -
Oct 31, 2013
app pub date -
Apr 27, 2012
filing date -
Apr 27, 2012
priority date (Note) -
Abandoned
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Abstract
A system is described herein for selecting a bit from a bit fleet for use in a field operation. The system includes a subjective module, an objective module, a financial module, and a management engine, each of which executes on a hardware processor. The subjective module determines whether subjective bit performance data points exceed a subjective threshold. The objective module determines whether objective bit performance data points exceed an objective threshold. The financial module determines whether financial bit performance data points exceed a financial threshold. The management engine receives bit data, evaluates bit performance parameters, categorizes the bit performance parameters to generate one or more categorized bit performance parameters, and determines whether the bit is usable in the field operation.
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