Cost benefit index

Patent metadata

Field	Value
Publication number	US-2022261721-A1
Application number	US-202117174888-A
Country	US
Kind code	A1
Filing date	Feb 12, 2021
Priority date	Feb 12, 2021
Publication date	Aug 18, 2022
Grant date	—

Abstract

An embodiment provides a method, including: receiving, at an electronic device, a data set comprising measured values for a plurality of parameters associated with an upcoming operational process associated with water quality, wherein each of the plurality of parameters is selected from the group consisting of: energy, chemicals, labor, equipment, and a process efficiency value; determining, by at least comparing the measured values against each other, a cost benefit index associated with the upcoming operational process; and providing, based on the determined cost benefit index, a recommendation to maximize a benefit derived from the upcoming operational process based upon a cost to complete the upcoming operational process. Other aspects are described and claimed.

First claim

What is claimed is:

1 . A method, comprising:
receiving, at an electronic device, a data set comprising measured values for a plurality of parameters associated with an upcoming operational process associated with water quality, wherein each of the plurality of parameters is selected from the group consisting of: energy, chemicals, labor, equipment, and a process efficiency value; determining, by at least comparing the measured values against each other, a cost benefit index associated with the upcoming operational process; and providing, based on the determined cost benefit index, a recommendation to maximize a benefit derived from the upcoming operational process based upon a cost to complete the upcoming operational process.

2 . The method of claim 1 , wherein each of the plurality of parameters are associated with one of: a cost measure or a benefit projection.

3 . The method of claim 1 , wherein the measured values originate from a past time X days before a present time and wherein the cost benefit index corresponds to the upcoming project designated for completion at a future time Y days after the present time, wherein the Y days is at least partially dependent on the X days.

4 . The method of claim 1 , wherein the cost benefit index corresponds to a single numerical value.

5 . The method of claim 1 , wherein the providing comprises providing the recommendation based upon an identified range that the cost benefit index corresponds to.

6 . The method of claim 1 , wherein the providing comprises:
identifying a cost benefit index threshold; and adjusting an aspect of the recommendation based upon a relationship of the cost benefit index to the cost benefit index threshold.

7 . The method of claim 1 , wherein the recommendation comprises a plurality of potential action paths.

8 . The method of claim 7 , wherein each of the plurality of potential action paths is associated with a risk level.

9 . The method of claim 8 , wherein the risk level is selected from the group consisting of a low risk level, a medium risk level, and a high risk level.

10 . The method of claim 7 , wherein adherence to any of the plurality of potential action paths decreases the cost benefit index.

11 . An electronic device, comprising:
a processor; and a memory storing instructions executable by the processor to:
receive a data set comprising measured values for a plurality of parameters associated with an upcoming operational process associated with water quality, wherein each of the plurality of parameters is selected from the group consisting of: energy, chemicals, labor equipment, and a process efficiency value;
determine, by at least comparing the measured values against each other, a cost benefit index associated with the upcoming operational process; and
provide, based on the determined cost benefit index, a recommendation to maximize a benefit derived from the upcoming operational process based upon a cost to complete the upcoming operational process.

12 . The electronic device of claim 11 , wherein each of the plurality of parameters are associated with one of: a cost measure or a benefit projection.

13 . The electronic device of claim 11 , wherein the measured values originate from a past time X days before a present time and wherein the cost benefit index corresponds to the upcoming project designated for completion at a future time Y days after the present time, wherein the Y days is at least partially dependent on the X days.

14 . The electronic device of claim 11 , wherein the cost benefit index corresponds to a single numerical value.

15 . The electronic device of claim 11 , wherein the instructions executable by the processor to provide comprise instructions executable by the processor to provide the recommendation based upon an identified range that the cost benefit index corresponds to.

16 . The electronic device of claim 11 , wherein the instructions executable by the processor to provide comprise instructions executable by the processor to:
identify a cost benefit index threshold; and adjust an aspect of the recommendation based upon a relationship of the cost benefit index to the cost benefit index threshold.

17 . The electronic device of claim 11 , wherein the recommendation comprises a plurality of potential action paths.

18 . The electronic device of claim 17 , wherein each of the plurality of potential action paths is associated with a risk level.

19 . The method of claim 18 , wherein the risk level is selected from the group consisting of a low risk level, a medium risk level, and a high risk level.

20 . A computer program product, comprising:
a storage device that stores code, the code being executable by a processor and comprising: code that receives a data set comprising measured values of a plurality of parameters associated with an upcoming operational process; code that determines, by at least comparing the measured values against each other, a cost benefit index associated with the upcoming project; and code that provides, based on the determined cost benefit index, a recommendation to maximize a benefit derived from the upcoming operational process based upon a cost to complete the upcoming operational process.

Assignees

• Hach Co

Inventors

• Rajasekharan Vishnu Vardhanan
• Young Russell

Classifications

• G06Q10/06313 Primary

  Resource planning in a project environment · CPC title

• G06Q50/06

  Energy or water supply · CPC title

• C02F2209/001

  Upstream control, i.e. monitoring for predictive control · CPC title

• C02F1/008

  Control or steering systems not provided for elsewhere in subclass C02F · CPC title

• C02F2209/006

  comprising a software program or a logic diagram · CPC title