Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9662445 | Computers & Mathematics with Applications | 2005 | 10 Pages |
Abstract
This investigation presents a novel repair-replacement warranty strategy. The strategy involves splitting the warranty period into two intervals in which only minimal repairs can be undertaken, separated by a middle interval in which no more than one replacement is allowed. The cost of the ith minimal repair at age y depends on the random part C(y) and the deterministic part, ci(y). Distribution functions of failure rates, with a bathtub shape over the lifetime of the product, are also considered. The form of the optimal repair-replacement strategy that minimizes the expected cost of servicing the warranty over the warranty period is discussed as well.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Shey-Huei Sheu, Shiueh-Ling Yu,