Article ID Journal Published Year Pages File Type
9662445 Computers & Mathematics with Applications 2005 10 Pages PDF
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.
Related Topics
Physical Sciences and Engineering Computer Science Computer Science (General)
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