Drill bit performance analysis tool

G - Physics – 06 – F

Patent

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Details

G06F 17/00 (2006.01) G05B 23/02 (2006.01)

Patent

CA 2471796

A method and system that can be used to automatically calculate and generate performance analysis charts, including a reliability curve is disclosed. The method and system may be used to selectively convert performance records data from a database into graphs and charts reflective of a performance analysis. The invention also provides a tool and method that can be used to predict the effective life or run time of a component, such as a drill bit, based calculated reliabilities for similar components.

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