Asset management in a process control system
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United States of America Patent
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Mar 9, 2021
Grant Date -
Sep 22, 2016
app pub date -
Mar 20, 2015
filing date -
Mar 20, 2015
priority date (Note) -
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Abstract
A system for improving production of a process control system comprises a processor, sensors connected to one or more assets in the process control system, human-machine interfaces, and a storage memory storing instructions for execution on the processor. The system receives process data via the sensors and determines an input cost of the one or more assets and an output value of the one or more assets. The system provides a net production value of the one or more assets based on the determined input cost and output value. The system stores the input cost, output value, and net production value on a storage memory and provides the input cost, output value, and net production value along with critical asset performance information of asset value, asset performance and opportunity costs for each asset and asset set in the operation to a user via the human-machine interfaces.
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