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Optimal maintenance strategies for warranty products with limited repair time and limited repair number

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  • Liu, Peng
  • Wang, Guanjun
  • Su, Peng

Abstract

Nowadays, to protect the interests of customers, many warranty policies take into account the limit of repair time and the limit of repair number. Under a rebate warranty policy, the seller has to give a refund to the customer according to the rebate warranty contract if the number of product failures or a single repair time for failure exceeds some certain limits. Minimal repair is conducted when the product fails, and the repair cost is charged to seller during the warranty period. After warranty expires, the product continues operating for a period of time before being replaced. The repair cost during the post-warranty period is undertaken by the customer. From the customer’s perspective, the expected life cycle cost rate of the warranty product is derived. By minimizing the expected cost rate, the existence and uniqueness of the optimal maintenance strategy for the warranty product are proven theoretically. Finally, as an example, the warranty car under the protection of “lemon laws†is studied to illustrate the proposed rebate warranty model.

Suggested Citation

  • Liu, Peng & Wang, Guanjun & Su, Peng, 2021. "Optimal maintenance strategies for warranty products with limited repair time and limited repair number," Reliability Engineering and System Safety, Elsevier, vol. 210(C).
    • Handle: RePEc:eee:reensy:v:210:y:2021:i:c:s0951832021001083
    DOI: 10.1016/j.ress.2021.107554
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    References listed on IDEAS

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    Cited by:

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    7. Lijun Shang & Yongjun Du & Cang Wu & Chengye Ma, 2022. "A Bivariate Optimal Random Replacement Model for the Warranted Product with Job Cycles," Mathematics, MDPI, vol. 10(13), pages 1-16, June.
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    9. Lijun Shang & Guojun Shang & Yongjun Du & Qingan Qiu & Li Yang & Qinglai Dong, 2022. "Post-Warranty Replacement Models for the Product under a Hybrid Warranty," Mathematics, MDPI, vol. 10(10), pages 1-18, May.
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    13. Liu, Peng & Wang, Guanjun, 2023. "Generalized non-renewing replacement warranty policy and an age-based post-warranty maintenance strategy," European Journal of Operational Research, Elsevier, vol. 311(2), pages 567-580.
    14. Huang, Yeu-Shiang & Fang, Chih-Chiang & Lu, Chang-Ming & (Bill) Tseng, Tzu-Liang, 2022. "Optimal Warranty Policy for Consumer Electronics with Dependent Competing Failure Processes," Reliability Engineering and System Safety, Elsevier, vol. 222(C).
    15. Safaei, Fatemeh & Taghipour, Sharareh, 2022. "Optimal preventive maintenance for repairable products with three types of failures sold under a renewable hybrid FRW/PRW policy," Reliability Engineering and System Safety, Elsevier, vol. 223(C).
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    17. Li, Ting & He, Shuguang & Zhao, Xiujie & Liu, Bin, 2023. "Warranty service contracts design for deteriorating products with maintenance duration commitments," International Journal of Production Economics, Elsevier, vol. 264(C).

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