Open AccessA maintenance-replacement optimization model under a renewable hybrid warranty
Author(s) -
Lijun Shang,
Shubin Si,
Zhiqiang Cai,
Wenjin Zhu,
Anquan Zou
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1043/3/032053
Subject(s) - warranty , preventive maintenance , perspective (graphical) , computer science , reliability engineering , business , operations research , operations management , engineering , artificial intelligence , political science , law
In this paper, firstly, a renewable hybrid warranty policy is proposed from the manufacturer’s perspective. By integrating the replacement depending on number of failures and preventive maintenance at the expiration of the warranty, secondly, a maintenance-replacement policy is presented from the perspective of the customer. Thirdly, the consumer’s expected cost rate model is obtained and the related special models are offered. Finally, a numerical example is used to illustrate performance of the proposed maintenance-replacement policy and to analyse sensitively. As showed in the example, performance of the proposed maintenance-replacement policy is more superior.