Patents Assigned to HSB Solomon Associates, LLC
  • Patent number: 8718976
    Abstract: A system and method is provided for determining the variability induced on a process output. The method includes the analysis of input variable values to determine the total variability. A series of processes may be analyzed and ranked so that a process owner may gain an understanding of how a target process performs relative to the processes of other process owners. The method includes the generation of graphical process comparisons and advice regarding asset performance. The method also includes the estimation of cost impacts due to changes in induced variability.
    Type: Grant
    Filed: August 1, 2011
    Date of Patent: May 6, 2014
    Assignee: HSB Solomon Associates, LLC
    Inventors: John P. Havener, Gregory D. Martin, Russell F. Brown, William Horner, Richard B. Jones
  • Publication number: 20130231904
    Abstract: A system and method is described herein for data filtering to reduce functional, and trend line outlier bias. Outliers are removed from the data set through an objective statistical method. Bias is determined based on absolute, relative error, or both. Error values are computed from the data, model coefficients, or trend line calculations. Outlier data records are removed when the error values are greater than or equal to the user-supplied criteria. For optimization methods or other iterative calculations, the removed data are re-applied each iteration to the model computing new results. Using model values for the complete dataset, new error values are computed and the outlier bias reduction procedure is re-applied. Overall error is minimized for model coefficients and outlier removed data in an iterative fashion until user defined error improvement limits are reached. The filtered data may be used for validation, outlier bias reduction and data quality operations.
    Type: Application
    Filed: February 20, 2013
    Publication date: September 5, 2013
    Applicant: HSB SOLOMON ASSOCIATES, LLC
    Inventor: Richard Bradley JONES
  • Patent number: 8060341
    Abstract: A system and method is described herein that includes a software-based functionality to assess the relationship between reliability, operational, maintenance and plant betterment activities and to determine the frontier of efficient spending and other measures of performance to achieve a level of reliability that is based on data from units of similar design and performance.
    Type: Grant
    Filed: November 3, 2008
    Date of Patent: November 15, 2011
    Assignee: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Patent number: 8055472
    Abstract: A system and method is described herein that includes a software-based functionality to assess the relationship between reliability, operational, maintenance and plant betterment activities and to determine the frontier of efficient spending and other measures of performance to achieve a level of reliability that is based on data from units of similar design and performance.
    Type: Grant
    Filed: November 3, 2008
    Date of Patent: November 8, 2011
    Assignee: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Patent number: 8050889
    Abstract: A system and method is described herein that includes a software-based functionality to assess the relationship between reliability, operational, maintenance and plant betterment activities and to determine the frontier of efficient spending and other measures of performance to achieve a level of reliability that is based on data from units of similar design and performance.
    Type: Grant
    Filed: November 3, 2008
    Date of Patent: November 1, 2011
    Assignee: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Patent number: 7941296
    Abstract: A computer-implemented method is provided for creating a peer unit and comparing that peer unit to a target unit in order to determine the difference in performance between the target unit and a peer unit. The peer unit is a hypothetical construct of user-defined performance variables whose values are determined based on outstanding performing units in a user-defined group. This comparison allows the user to assess what parameters of the target unit should be changed in order to improve overall performance.
    Type: Grant
    Filed: December 21, 2007
    Date of Patent: May 10, 2011
    Assignee: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Patent number: 7693725
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characteristics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors for use in one embodiment in performance measurement and equitable benchmarking of green house gas (GHG) emissions from industrial facilities for the purposes of allocating GHG emission allowances for permits, licenses, etc.
    Type: Grant
    Filed: March 8, 2005
    Date of Patent: April 6, 2010
    Assignee: HSB Solomon Associates, LLC
    Inventors: Billy L. Trout, Robert Broadfoot, Richard B. Jones, Michael Hileman
  • Publication number: 20090063094
    Abstract: A system and method is provided for determining the variability induced on a process output. The method includes the analysis of input variable values to determine the total variability. A series of processes may be analyzed and ranked so that a process owner may gain an understanding of how a target process performs relative to the processes of other process owners. The method includes the generation of graphical process comparisons and advice regarding asset performance. The method also includes the estimation of cost impacts due to changes in induced variability.
    Type: Application
    Filed: October 31, 2007
    Publication date: March 5, 2009
    Applicant: HSB Solomon Associates, LLC
    Inventors: John P. Havener, Gregory D. Martin, Russell F. Brown, William Horner, Richard B. Jones
  • Publication number: 20090024429
    Abstract: A system and method provides analysis of pre- and post-project effects on frequency and severity of operational loss. The method includes the computation of the frequency of incidents and the severity of incidents for equipment based on recorded incident data. Risk, a function of frequency and severity, is calculated before and after a project to determine if the project has changed the risk of an incident in a piece of equipment or facility and if the project has changed the nature of risk (i.e. increasing severity while decreasing frequency). The method may be used to compute forecast estimates of future operational losses, assess goals for improving current performance relative to demonstrated industry performance, and determine statistical confidence intervals of forecast such that risk, and changes in risk, may be visually quantified and communicated.
    Type: Application
    Filed: December 13, 2007
    Publication date: January 22, 2009
    Applicant: HSB SOLOMON ASSOCIATES, LLC
    Inventors: Richard B. Jones, John P. Havener
  • Patent number: 7447611
    Abstract: A system and method is described herein that includes a software-based functionality to assess the relationship between reliability, operational, maintenance and plant betterment activities and to determine the frontier of efficient spending and other measures of performance to achieve a level of reliability that is based on data from units of similar design and performance.
    Type: Grant
    Filed: May 9, 2007
    Date of Patent: November 4, 2008
    Assignee: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Publication number: 20080270078
    Abstract: A computer-implemented method is provided for creating a peer unit and comparing that peer unit to a target unit in order to determine the difference in performance between the target unit and a peer unit. The peer unit is a hypothetical construct of user-defined performance variables whose values are determined based on outstanding performing units in a user-defined group. This comparison allows the user to assess what parameters of the target unit should be changed in order to improve overall performance.
    Type: Application
    Filed: December 21, 2007
    Publication date: October 30, 2008
    Applicant: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Publication number: 20080201181
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characterstics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors.
    Type: Application
    Filed: April 2, 2007
    Publication date: August 21, 2008
    Applicant: HSB Solomon Associates, LLC
    Inventors: Michael J. Hileman, Robert Broadfoot, Richard B. Jones
  • Publication number: 20070265804
    Abstract: A system and method is described herein that includes a software-based functionality to assess the relationship between reliability, operational, maintenance and plant betterment activities and to determine the frontier of efficient spending and other measures of performance to achieve a level of reliability that is based on data from units of similar design and performance.
    Type: Application
    Filed: May 9, 2007
    Publication date: November 15, 2007
    Applicant: HSB Solomon Associates, LLC
    Inventors: Ronald M. Fluegge, Richard B. Jones
  • Patent number: 7233910
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characteristics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors.
    Type: Grant
    Filed: July 18, 2006
    Date of Patent: June 19, 2007
    Assignee: HSB Solomon Associates, LLC
    Inventors: Michael J. Hileman, Robert Broadfoot, Richard B. Jones
  • Publication number: 20060287892
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petrochemical, manufacturing and refining facilities. The present invention comprises an insurance product rating and pricing system designed for a relatively small number of insured annually or over a multi-year term with each insured having a relatively large exposure. These savings will produce additional benefits to the client in the form of enhanced creditworthiness and resulting increased availability of financing and reduced cost of financing.
    Type: Application
    Filed: June 15, 2005
    Publication date: December 21, 2006
    Applicant: HSB Solomon Associates, LLC
    Inventors: Richard Jones, Gregory Barats
  • Publication number: 20060259352
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characteristics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors.
    Type: Application
    Filed: July 18, 2006
    Publication date: November 16, 2006
    Applicant: HSB Solomon Associates, LLC
    Inventors: Michael Hileman, Robert Broadfoot, Richard Jones
  • Publication number: 20060084600
    Abstract: The invention relates to novel molecules, in particular nucleic acid sequences and the encoded polypeptides, which are the human homologues of the protein-serine/threonine kinase named Fused.
    Type: Application
    Filed: March 21, 2005
    Publication date: April 20, 2006
    Applicant: HSB Solomon Associates, LLC
    Inventors: Monica Mosca, Antonella Isacchi
  • Publication number: 20060020502
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characteristics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors for use in one embodiment in performance measurement and equitable benchmarking of green house gas (GHG) emissions from industrial facilities for the purposes of allocating GHG emission allowances for permits, licenses, etc.
    Type: Application
    Filed: March 8, 2005
    Publication date: January 26, 2006
    Applicant: HSB Solomon Associates, LLC
    Inventors: Billy Trout, Robert Broadfoot, Michael Hileman, Richard Jones
  • Publication number: 20050038667
    Abstract: The present invention provides a system and method for determining equivalency factors for use in comparative performance analysis of industrial facilities by determining a target variable and a plurality of characteristics of the target variable. Each of the plurality of characteristics is ranked according to value. Based on ranking value, the characteristics are divided into categories. Based on the sorted and ranked characteristics, a data collection classification system is developed. Data is collected according to the data collection classification system. The data is validated, and based on the data, an analysis model is developed. The analysis model then calculates the equivalency factors.
    Type: Application
    Filed: August 9, 2004
    Publication date: February 17, 2005
    Applicant: HSB Solomon Associates, LLC
    Inventors: Michael Hileman, Robert Broadfoot, Richard Jones