IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v10y2022i18p3229-d907899.html
   My bibliography  Save this article

An Optimal Random Hybrid Maintenance Policy of Systems under a Warranty with Rebate and Charge

Author

Listed:
  • Lijun Shang

    (School of Quality Management and Standardization, Foshan University, Foshan 528000, China)

  • Xiguang Yu

    (Gao Tou Yao Coal Mine, North Union Electric Power Limited Liability Company, Ordos 014323, China)

  • Yongjun Du

    (School of Economics and Management, Lanzhou University of Technology, Lanzhou 730050, China)

  • Anquan Zou

    (School of Quality Management and Standardization, Foshan University, Foshan 528000, China)

  • Qingan Qiu

    (School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China)

Abstract

Facilitated by advanced digital technologies, reliability managers can monitor system working cycles during the whole life cycle. Such a technological realization can help reliability managers ensure system reliability in real time by monitoring working cycles. In this paper, by incorporating a limited random working cycle, rebate and charge into warranty theory, a random free repair warranty with rebate and charge (RFRW-RC) is devised to ensure system reliability during the warranty stage. Under RFRW-RC, the rebate removes manufacturers’ responsibility for continuing to ensure system reliability, while the charge is a support where manufacturers continue to ensure system reliability. The warranty cost of RFRW-RC is derived, and a random discrete free repair warranty (RDFRW) is presented by simplifying RFRW-RC. By mixing random age replacement last (RARL) and classic age replacement (CAR), a random hybrid age replacement (RHAR) is designed in order to ensure system reliability during the post-warranty stage. In such an RHAR, RARL is applied to extend the replacement time during the post-warranty stage in order to maximize the remaining life of the system through warranty, and CAR is used to lower the maintenance cost of the system through warranty. The cost rate of RHAR is modeled, and the cost rate of RDFRW is offered as well by discussing parameter values. The decision variable is optimized by minimizing the cost rate model. The properties of the presented models are explored from numerical perspectives.

Suggested Citation

  • Lijun Shang & Xiguang Yu & Yongjun Du & Anquan Zou & Qingan Qiu, 2022. "An Optimal Random Hybrid Maintenance Policy of Systems under a Warranty with Rebate and Charge," Mathematics, MDPI, vol. 10(18), pages 1-19, September.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:18:p:3229-:d:907899
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/10/18/3229/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7390/10/18/3229/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wang, Xiaolin & Li, Lishuai & Xie, Min, 2020. "An unpunctual preventive maintenance policy under two-dimensional warranty," European Journal of Operational Research, Elsevier, vol. 282(1), pages 304-318.
    2. Toshio Nakagawa, 2014. "Random Maintenance Policies," Springer Series in Reliability Engineering, Springer, edition 127, number 978-1-4471-6575-0, June.
    3. Liu, Bin & Pandey, Mahesh D. & Wang, Xiaolin & Zhao, Xiujie, 2021. "A finite-horizon condition-based maintenance policy for a two-unit system with dependent degradation processes," European Journal of Operational Research, Elsevier, vol. 295(2), pages 705-717.
    4. 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.
    5. Li, Ting & He, Shuguang & Zhao, Xiujie, 2022. "Optimal warranty policy design for deteriorating products with random failure threshold," Reliability Engineering and System Safety, Elsevier, vol. 218(PA).
    6. Liu, Bin & Wu, Jun & Xie, Min, 2015. "Cost analysis for multi-component system with failure interaction under renewing free-replacement warranty," European Journal of Operational Research, Elsevier, vol. 243(3), pages 874-882.
    7. 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).
    8. Chen, Cheng-Kang & Lo, Chih-Chung & Weng, Tzu-Chun, 2017. "Optimal production run length and warranty period for an imperfect production system under selling price dependent on warranty period," European Journal of Operational Research, Elsevier, vol. 259(2), pages 401-412.
    9. Wang, Xin & Xie, Wei & Ye, Zhi-Sheng & Tang, Loon-Ching, 2017. "Aggregate discounted warranty cost forecasting considering the failed-but-not-reported events," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 355-364.
    10. Lijun Shang & Shubin Si & Shudong Sun & Tongdan Jin, 2018. "Optimal warranty design and post-warranty maintenance for products subject to stochastic degradation," IISE Transactions, Taylor & Francis Journals, vol. 50(10), pages 913-927, October.
    11. Qiu, Qingan & Cui, Lirong, 2019. "Optimal mission abort policy for systems subject to random shocks based on virtual age process," Reliability Engineering and System Safety, Elsevier, vol. 189(C), pages 11-20.
    12. Shafiee, Mahmood & Chukova, Stefanka, 2013. "Maintenance models in warranty: A literature review," European Journal of Operational Research, Elsevier, vol. 229(3), pages 561-572.
    13. Sheu, Shey-Huei & Liu, Tzu-Hsin & Zhang, Zhe-George, 2019. "Extended optimal preventive replacement policies with random working cycle," Reliability Engineering and System Safety, Elsevier, vol. 188(C), pages 398-415.
    14. Xin Wang & Zhi-Sheng Ye, 2020. "Design of customized two-dimensional extended warranties considering use rate and heterogeneity," IISE Transactions, Taylor & Francis Journals, vol. 53(3), pages 341-351, December.
    15. Li, Heping & Zhu, Wenjin & Dieulle, Laurence & Deloux, Estelle, 2022. "Condition-based maintenance strategies for stochastically dependent systems using Nested Lévy copulas," Reliability Engineering and System Safety, Elsevier, vol. 217(C).
    16. Zhao, Xian & Fan, Yu & Qiu, Qingan & Chen, Ke, 2021. "Multi-criteria mission abort policy for systems subject to two-stage degradation process," European Journal of Operational Research, Elsevier, vol. 295(1), pages 233-245.
    17. Zhao, Xian & Sun, Jinglei & Qiu, Qingan & Chen, Ke, 2021. "Optimal inspection and mission abort policies for systems subject to degradation," European Journal of Operational Research, Elsevier, vol. 292(2), pages 610-621.
    18. Mizutani, Satoshi & Zhao, Xufeng & Nakagawa, Toshio, 2021. "Age and periodic replacement policies with two failure modes in general replacement models," Reliability Engineering and System Safety, Elsevier, vol. 214(C).
    19. Zhao, Xufeng & Nakagawa, Toshio, 2012. "Optimization problems of replacement first or last in reliability theory," European Journal of Operational Research, Elsevier, vol. 223(1), pages 141-149.
    20. Zhi‐Sheng Ye & Min Xie, 2015. "Rejoinder to ‘Stochastic modelling and analysis of degradation for highly reliable products’," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 31(1), pages 35-36, January.
    21. Qiu, Qingan & Cui, Lirong, 2019. "Gamma process based optimal mission abort policy," Reliability Engineering and System Safety, Elsevier, vol. 190(C), pages 1-1.
    22. Yu-Hung Chien & Zhe George Zhang, 2015. "Analysis of a hybrid warranty policy for discrete-time operating products," IISE Transactions, Taylor & Francis Journals, vol. 47(5), pages 442-459, May.
    23. Shadi Sanoubar & Lisa M. Maillart & Oleg A. Prokopyev, 2021. "Age-replacement policies under age-dependent replacement costs," IISE Transactions, Taylor & Francis Journals, vol. 53(4), pages 425-436, April.
    24. Zhi‐Sheng Ye & Min Xie, 2015. "Stochastic modelling and analysis of degradation for highly reliable products," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 31(1), pages 16-32, January.
    25. Qiu, Qingan & Cui, Lirong & Wu, Bei, 2020. "Dynamic mission abort policy for systems operating in a controllable environment with self-healing mechanism," Reliability Engineering and System Safety, Elsevier, vol. 203(C).
    26. Liu, Zhuojun & Diallo, Claver & Chen, Jing & Zhang, Michael, 2020. "Optimal pricing and production strategies for new and remanufactured products under a non-renewing free replacement warranty," International Journal of Production Economics, Elsevier, vol. 226(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lijun Shang & Xiguang Yu & Liying Wang & Yongjun Du, 2022. "Design of Random Warranty and Maintenance Policy: From a Perspective of the Life Cycle," Mathematics, MDPI, vol. 10(20), pages 1-22, October.
    2. Lijun Shang & Baoliang Liu & Kaiye Gao & Li Yang, 2023. "Random Warranty and Replacement Models Customizing from the Perspective of Heterogeneity," Mathematics, MDPI, vol. 11(15), pages 1-22, July.
    3. Shang, Lijun & Liu, Baoliang & Qiu, Qingan & Yang, Li & Du, Yongjun, 2023. "Designing warranty and maintenance policies for products subject to random working cycles," Reliability Engineering and System Safety, Elsevier, vol. 234(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shang, Lijun & Liu, Baoliang & Qiu, Qingan & Yang, Li & Du, Yongjun, 2023. "Designing warranty and maintenance policies for products subject to random working cycles," Reliability Engineering and System Safety, Elsevier, vol. 234(C).
    2. Lijun Shang & Xiguang Yu & Liying Wang & Yongjun Du, 2022. "Design of Random Warranty and Maintenance Policy: From a Perspective of the Life Cycle," Mathematics, MDPI, vol. 10(20), pages 1-22, October.
    3. Shang, Lijun & Liu, Baoliang & Qiu, Qingan & Yang, Li, 2023. "Three-dimensional warranty and post-warranty maintenance of products with monitored mission cycles," Reliability Engineering and System Safety, Elsevier, vol. 239(C).
    4. Chengye Ma & Yongjun Du & Lijun Shang & Li Yang & Kaiye Gao, 2023. "Random Maintenance Strategy Modeling of Warranted Products with Reliability Heterogeneity," Sustainability, MDPI, vol. 15(18), pages 1-19, September.
    5. Yongjun Du & Lijun Shang & Qingan Qiu & Li Yang, 2022. "Optimum Post-Warranty Maintenance Policies for Products with Random Working Cycles," Mathematics, MDPI, vol. 10(10), pages 1-16, May.
    6. 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.
    7. 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.
    8. Zhao, Xiujie & Liu, Bin & Xu, Jianyu & Wang, Xiao-Lin, 2023. "Imperfect maintenance policies for warranted products under stochastic performance degradation," European Journal of Operational Research, Elsevier, vol. 308(1), pages 150-165.
    9. Hui Chen & Jie Chen & Yangyang Lai & Xiaoqi Yu & Lijun Shang & Rui Peng & Baoliang Liu, 2024. "Discrete Random Renewable Replacements after the Expiration of Collaborative Preventive Maintenance Warranty," Mathematics, MDPI, vol. 12(18), pages 1-21, September.
    10. Liu, Lujie & Yang, Jun & Yan, Bingxin, 2024. "A dynamic mission abort policy for transportation systems with stochastic dependence by deep reinforcement learning," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    11. Lijun Shang & Guojun Shang & Qingan Qiu, 2022. "A Bivariate Post-Warranty Maintenance Model for the Product under a 2D Warranty," Mathematics, MDPI, vol. 10(12), pages 1-18, June.
    12. Ke Chen & Xian Zhao & Qingan Qiu, 2022. "Optimal Task Abort and Maintenance Policies Considering Time Redundancy," Mathematics, MDPI, vol. 10(9), pages 1-16, April.
    13. Dai, Anshu & Wang, Xin & Li, Yu & Li, Ting & He, Shuguang, 2023. "Design of a performance-based warranty policy with replacement–repair strategy and cumulative cost threshold," International Journal of Production Economics, Elsevier, vol. 255(C).
    14. Levitin, Gregory & Xing, Liudong & Dai, Yuanshun, 2022. "Optimal mission aborting in multistate systems with storage," Reliability Engineering and System Safety, Elsevier, vol. 218(PA).
    15. Levitin, Gregory & Xing, Liudong & Dai, Yuanshun, 2022. "Using kamikaze components in multi-attempt missions with abort option," Reliability Engineering and System Safety, Elsevier, vol. 227(C).
    16. Zhang, Wenyu & Zhang, Xiaohong & He, Shuguang & Zhao, Xing & He, Zhen, 2024. "Optimal condition-based maintenance policy for multi-component repairable systems with economic dependence in a finite-horizon," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    17. Zhao, Xian & Lv, Zuheng & Qiu, Qingan & Wu, Yaguang, 2023. "Designing two-level rescue depot location and dynamic rescue policies for unmanned vehicles," Reliability Engineering and System Safety, Elsevier, vol. 233(C).
    18. Zhao, Xian & Liu, Haoran & Wu, Yaguang & Qiu, Qingan, 2023. "Joint optimization of mission abort and system structure considering dynamic tasks," Reliability Engineering and System Safety, Elsevier, vol. 234(C).
    19. Lijun Shang & Baoliang Liu & Kaiye Gao & Li Yang, 2023. "Random Warranty and Replacement Models Customizing from the Perspective of Heterogeneity," Mathematics, MDPI, vol. 11(15), pages 1-22, July.
    20. Levitin, Gregory & Xing, Liudong & Dai, Yuanshun, 2023. "Optimal task sequencing and aborting in multi-attempt multi-task missions with a limited number of attempts," Reliability Engineering and System Safety, Elsevier, vol. 236(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:10:y:2022:i:18:p:3229-:d:907899. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.