Continuous Property Record Mass Asset Model for Utility Accounting
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Solution Overview
Problem
Existing software solutions for asset management primarily focus on single assets, lacking comprehensive functionality to efficiently manage and account for mass assets, which are groups of similar items constructed, depreciated, and retired together.
Innovation Solution
A computing architecture that integrates with existing asset management systems to extend their functionality by implementing a Continuous Property Record (CPR) mass asset model, including retirement unit, asset location, and vintage fields, along with a retirement ledger for precise transaction history and a CPR unitization and retirement engine for managing mass asset lifecycles.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a basic software solution is used for asset management, then the software provides basic functionality, but it lacks comprehensive functionality for managing mass assets
Solution Approach 1:
The patent segments the asset management system into distinct modules: a core asset management system for basic functionality, a mass asset management module for handling groups of assets, a retirement ledger for tracking dispositions, and a CPR engine for continuous property records. This segmentation allows the system to provide comprehensive mass asset management capabilities while keeping the core system relatively simple and maintainable.
Solution Approach 2:
The patent implements a nested structure where the mass asset management module contains the CPR engine, which in turn manages continuous property records for individual assets within mass asset groups. The retirement ledger is nested within the mass asset management module, providing layered functionality that delivers comprehensive capabilities without overwhelming system complexity.
2Adaptability or versatility
If plug-in support is implemented to extend functionality, then the software can be customized, but the integration complexity increases
Solution Approach 1:
The patent merges the mass asset management module, retirement ledger, and CPR engine into a unified integrated system that works seamlessly with the core asset management system. This integration approach combines multiple functionalities into a cohesive architecture, providing extendability without the complexity of separate plug-in components that require individual management and coordination.
3Measurement precision
If mass assets are managed individually, then detailed tracking is possible, but the management efficiency decreases
Solution Approach 1:
The patent implements a dynamic asset management approach where assets can be managed at multiple levels: individually when detailed tracking is needed, or as groups within mass asset categories for efficient bulk management. The CPR engine dynamically tracks continuous property records for precision when required, while the mass asset management module enables efficient bulk operations. This dynamic flexibility allows the system to adapt between individual and group management based on operational needs.
Data Source
AI summary
A computing architecture includes a continuous property record (CPR) mass asset model. The CPR mass asset model includes a retirement unit field, an asset location field, and a vintage field for each mass asset. The retirement unit field stores an identifier of the mass asset, the asset location field storing a region of installation of the mass asset, and the vintage field storing a date of the mass asset. The CPR asset model is a wrapper for a corresponding master data structure of an existing asset system. The computing architecture further includes a retirement ledger for storing a postings for the mass assets. The retirement ledger stores at least one line for each transaction using the mass assets. The computing architecture further includes CPR unitization and retirement engine for adding lines to the retirement ledger.