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System maintenance cost dependent on life cycle under renewing warranty policy

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  • Jung, Ki Mun
  • Park, Minjae
  • Park, Dong Ho

Abstract

A number of optimal maintenance policies have been proposed and studied based on several types of warranty policies. As the criteria for optimality, the expected cost rate per unit time during the life cycle of the system is quite often used by many authors. However, the expected cost rate may depend on the length of life cycle and so the definition of life cycle plays a significant role in optimizing the maintenance policy. This paper considers a system maintenance policy during the post-warranty period under the renewing warranty policy and the life cycle is defined from the user's perspective. The life cycle starts with the installment of a new system and ends when the system is replaced by a new one at the expense of the user. In many renewing warranty models, the life cycle is defined as the lifelength of the new system installed initially, which is quite different from our definition. The expected cost rate per unit time is evaluated based on the life cycle newly defined and is compared with the existing results.

Suggested Citation

  • Jung, Ki Mun & Park, Minjae & Park, Dong Ho, 2010. "System maintenance cost dependent on life cycle under renewing warranty policy," Reliability Engineering and System Safety, Elsevier, vol. 95(7), pages 816-821.
    • Handle: RePEc:eee:reensy:v:95:y:2010:i:7:p:816-821
    DOI: 10.1016/j.ress.2010.02.010
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    References listed on IDEAS

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    1. Jung, M. & Bai, D.S., 2007. "Analysis of field data under two-dimensional warranty," Reliability Engineering and System Safety, Elsevier, vol. 92(2), pages 135-143.
    2. Yeh, Ruey Huei & Lo, Hui-Chiung, 2001. "Optimal preventive-maintenance warranty policy for repairable products," European Journal of Operational Research, Elsevier, vol. 134(1), pages 59-69, October.
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    Citations

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    Cited by:

    1. Wu, Shaomin, 2013. "A review on coarse warranty data and analysis," Reliability Engineering and System Safety, Elsevier, vol. 114(C), pages 1-11.
    2. Sánchez-Herguedas, Antonio & Mena-Nieto, Angel & Rodrigo-Muñoz, Francisco, 2021. "A new analytical method to optimise the preventive maintenance interval by using a semi-Markov process and z-transform with an application to marine diesel engines," Reliability Engineering and System Safety, Elsevier, vol. 207(C).
    3. Huang, Yeu-Shiang & Huang, Chao-Da & Ho, Jyh-Wen, 2017. "A customized two-dimensional extended warranty with preventive maintenance," European Journal of Operational Research, Elsevier, vol. 257(3), pages 971-978.
    4. Shafiee, Mahmood & Chukova, Stefanka, 2013. "Maintenance models in warranty: A literature review," European Journal of Operational Research, Elsevier, vol. 229(3), pages 561-572.
    5. Shafiee, Mahmood & Finkelstein, Maxim & Chukova, Stefanka, 2011. "On optimal upgrade level for used products under given cost structures," Reliability Engineering and System Safety, Elsevier, vol. 96(2), pages 286-291.
    6. Minjae Park & Ki Mun Jung & Dong Ho Park, 2016. "Optimal warranty policies considering repair service and replacement service under the manufacturer’s perspective," Annals of Operations Research, Springer, vol. 244(1), pages 117-132, September.
    7. Wu, Shaomin, 2011. "Warranty claim analysis considering human factors," Reliability Engineering and System Safety, Elsevier, vol. 96(1), pages 131-138.
    8. Moura, Márcio das Chagas & Santana, João Mateus & Droguett, Enrique López & Lins, Isis Didier & Guedes, Bruno Nunes, 2017. "Analysis of extended warranties for medical equipment: A Stackelberg game model using priority queues," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 338-354.
    9. Hashemi, M. & Asadi, M. & Tavangar, M., 2022. "Optimal maintenance strategies for coherent systems: A warranty dependent approach," Reliability Engineering and System Safety, Elsevier, vol. 217(C).
    10. Dashti, Reza & Yousefi, Shaghayegh, 2013. "Reliability based asset assessment in electrical distribution systems," Reliability Engineering and System Safety, Elsevier, vol. 112(C), pages 129-136.
    11. M Shafiee & M Finkelstein & S Chukova, 2011. "Burn-in and imperfect preventive maintenance strategies for warranted products," Journal of Risk and Reliability, , vol. 225(2), pages 211-218, June.
    12. Nan Zhang & Mitra Fouladirad & Anne Barros, 2018. "Warranty analysis of a two-component system with type I stochastic dependence," Journal of Risk and Reliability, , vol. 232(3), pages 274-283, June.
    13. Nguyen, Thi Anh Tuyet & Chou, Shuo-Yan, 2019. "Improved maintenance optimization of offshore wind systems considering effects of government subsidies, lost production and discounted cost model," Energy, Elsevier, vol. 187(C).
    14. Park, Minjae & Mun Jung, Ki & Park, Dong Ho, 2013. "Optimal post-warranty maintenance policy with repair time threshold for minimal repair," Reliability Engineering and System Safety, Elsevier, vol. 111(C), pages 147-153.

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