The effect of a free-repair warranty on the age- replacement strategy for a repairable product

摘要：

Long-run expected cost rate is considered to be the one of most important factors when customers choose a product. In this paper, Age-replacement strategy is adopted and long-run expected cost rate models are developed for a single-unit repairable product considering whether a free-repair warranty is adopted or not. We also derive the optimal replacement period from these two types of models respectively. Moreover, an intensive discussion and comparisons have been made about how the free-repair warranty introduced in the product with an increasing failure rate effects the long-run cost rate and the optimal age-teplacement period form the term of customers. Finally, a numerical example is given to illustrate the impact.

关键词： age-replacement strategy free-repair warranty long-run expected cost rate

作者: Wentao Liu Lirong Cui

作者单位: School of Management and Economy,Beijing Institute of Technology,Beijing 100081,China

会议类型: 国际会议

会议名称: 2008 International Conference on Risk and Relianility Management(2008风险与可靠性管理国际会议)

会议地点: 北京

会议语种:英文

页码: 628-631

在线出版日期: 2008-11-10（万方平台首次上网日期，不代表论文的发表时间）