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Maintenance Policy Based on Cost and Downtime Following the Expiration of Combination Warranty
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 Title & Authors
Maintenance Policy Based on Cost and Downtime Following the Expiration of Combination Warranty
Jung, Ki-Mun;
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This paper considers the replacement model and the preventive maintenance model following the expiration of combination warranty for a repairable system. If the system fails after the combination warranty is expired, then it is minimally repaired at each failure. The criterion used to determine the optimal replacement policy and the optimal preventive maintenance policy is the overall value function based on the expected cost rate per unit time and the expected downtime per unit time. The numerical examples are presented for illustrative purpose when the failure time follows a Weibull distribution.
Combination warranty;replacement model;preventive maintenance model;cost;downtime;overall value function;
 Cited by
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