ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,636, issued on Sept. 23, was assigned to Hitachi Ltd. (Tokyo).

"Risk management system and method" was invented by Hiroaki Shikano (Tokyo), Hiroki Miyamoto (Tokyo) and Hideya Yoshiuchi (Tokyo).

According to the abstract* released by the U.S. Patent & Trademark Office: "Risk element information indicating risk elements is acquired. An asset capable of becoming a fault due to a risk element indicated in the risk element information, and a fault probability that the asset becomes the fault are specified based on static configuration information. A risk model in which the asset capable of becoming the fault and the fault probability are associated is generated in advance. In respons...