Optimization of Cost and Downtime for Replacement Model Following the Expiration of Warranty
This paper deals with the optimal replacement policies following the expiration of warranty: renewing warranty and non-renewing warranty. If the system fails during its warranty period, it is replaced with a new one and if the system fails after the warranty period is expired, then it is minimally repaired at each failure. The criterion used to determine the optimality of the replacement period is the overall value function which is established based on the expected downtime and the expected cost rate combined. Firstly, we develop the expected downtime per unit time and the expected cost rate per unit time for our replacement model when the cost and downtime structures of maintaining the system are given. The overall value function suggested by Jiang and Ji (2002) is then utilized to determine the optimal maintenance period based on the expected downtime and the expected cost rate. Numerical examples are presented for illustrative purpose.
cost downtime renewing warranty non-renewing warranty replacement
Ki Mun Jung Sung Sil Han Dong Ho Park
Department of Informational Statistics, Kyungsung University, Korea Department of Statistics, Pukyung National University, Korea Department of Information and Statistics, Hallym University, Korea
国际会议
The First International Conference on Maintenance Engineering(首届维修工程国际学术会议)
成都
英文
594-602
2006-10-15（万方平台首次上网日期，不代表论文的发表时间）