Patent №
US 8,548,833
Granted
2013-10-01
Filed 2012
Owner
—
Lab
—
AI components
2
kr · planning
Assignment
None on record
Dataset
AIPD
2023_r1 edition
Application
13458456
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, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and methods for determining optimal risk acceptance values associated with implementing an economic improvement plan for a facility.