ABB Files Patent for Dynamic Risk Assessment in Strategic Asset and System Planning, Offering Enhanc
Time:2026-04-14 Browse: 1
According to the China National Intellectual Property Administration (CNIPA), ABB Ltd. (Brand: ABB / Country of Origin: Switzerland) has filed a patent titled “Method and Computing System for Dynamic Risk Assessment of Strategic Asset and System Planning”, published under CN121836336A with an application date of October 2025.
1. Patent Overview
The patent relates to a method and computing system for dynamic risk assessment in strategic planning for assets and systems. Specifically, it pertains to the field of Failure Mode, Effects, and Criticality Analysis (FMECA) and provides an approach for evaluating the dynamic risk of assets in strategic planning.
The computing system receives risk scores for asset failure modes and event data associated with the assets. It then determines a first asset-level score based on the failure mode risk scores. Subsequently, the system calculates a second asset-level score by applying an amplification factor to the asset-level failure mode risk scores. Finally, the system evaluates the dynamic risk of the asset based on both the first and second asset-level scores. In addition, the system generates recommendations for corrective measures related to the asset.
2. Advantages
The disclosed patent offers several advantages for industrial applications, including:
Enhanced reliability: By systematically evaluating asset failure modes and dynamic risk, organizations can proactively identify vulnerabilities and prevent unplanned downtime.
Improved safety: The method helps detect critical risks and supports timely implementation of corrective measures to ensure operational safety.
Increased efficiency: By optimizing asset management decisions and prioritizing maintenance, the system enables more efficient use of resources.
Disclaimer
Markets carry risks, and investments should be made with caution. This article is generated by AI based on third-party data for reference only and does not constitute individual investment advice.
Source: Market Intelligence
