US Patent:
20090076873, Mar 19, 2009
Inventors:
Christopher Donald Johnson - Clifton Park NY, US
Brock Estel Osborn - Niskayuna NY, US
Jens Alkemper - Schenectady NY, US
Oladimeji Bassir - The Woodlands TX, US
Onur Ilkin Dulgeroglu - Niskayuna NY, US
Assignee:
GENERAL ELECTRIC COMPANY - Schenectady NY
International Classification:
G06Q 10/00
Abstract:
A method and system are provided to improve industrial engineered systems such as oil well drilling decisions and transfer risk. The method and system each include an interactive decision-support planning tool that aids a user as to how to select a portfolio of engineered systems and entities that the systems will process such as aircraft engines and flights, rigs and reserves, apparatus configuration, apparatus inspection, apparatus on line sensors, dynamic operations decisioning for the apparatus and drill path or asset dispatching and a contractual incentive to allocate risks to stakeholders best positioned to abate them. The decision support will reduce a fleet's financial risk associated with the cost of operations below that achievable without using the interactive decision-support planning tool and/or increase financial return associated with the cost of activity above that achievable without using the interactive decision-support planning tool, such that the financial risk and/or financial return are allocated in a desired manner among a plurality of operations stakeholders.