Browse > Article
http://dx.doi.org/10.7465/jkdi.2012.23.6.1195

Extended warranty policy when minimal repair cost is a function of failure time  

Jung, Ki Mun (Department of Informational Statistics, Kyungsung University)
Publication Information
Journal of the Korean Data and Information Science Society / v.23, no.6, 2012 , pp. 1195-1202 More about this Journal
Abstract
In this paper, we determine the expected total cost from the user's perspective for the replacement model with the extended warranty when minimal repair cost is a function of failure time. To do so, we define the extended warranty and assume the replacement model following the expiration of extended warranty from the user's perspective. Especially, we propose the criterion to buy the extended warranty and the numerical examples are presented to illustrate the purpose when the failure time of the system has a Weibull distribution.
Keywords
Expected total cost; extended warranty; minimal repair warranty; replacement model;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
연도 인용수 순위
1 Bouguerra, S., Chelbi, A. and Rezg N. (2012). A decision model for adopting an extended warranty under different maintenance policies. International Journal of Production Economics, 135, 840-849.   DOI   ScienceOn
2 Chien, Y. H. (2008a). A general age replacement model with minimal repair under renewing free-replacement warranty. European Journal of Operational Research, 186, 1046-1058.   DOI   ScienceOn
3 Chien, Y. H. (2008b). Optimal age-replacement policy under an imperfect renewing free-replacement warranty. IEEE Transactions on Reliability, 57, 125-133.   DOI   ScienceOn
4 Ja, S., Kulkarni V. G., Mitra, A. and Patankar J. G. (2001). A nonrenewable minimal-repair warranty policy with time-dependent costs. IEEE Transactions on Reliability, 50, 346-352.   DOI   ScienceOn
5 Jung, G. M. and Park, D. H. (2003). Optimal maintenance policies during the post-warranty period. Reliability Engineering and System Safety, 82, 173-185.   DOI   ScienceOn
6 Jung, K. M. (2009). Two PM policies following the expiration of free-repair warranty. Journal of the Korean Data & Information Science Society, 20, 999-1007.   과학기술학회마을
7 Jung, K. M. (2010a). A Bayesian approach to replacement policy following the expiration of non-renewing combination warranty based on cost and downtime. Journal of the Korean Data & Information Science Society, 21, 873-882.   과학기술학회마을
8 Jung, K. M. (2011a). Preventive maintenance model following the expiration of NFRRW. Journal of the Korean Data & Information Science Society, 22, 775-784.   과학기술학회마을
9 Jung, K. M. (2011b). Replacement model following the expiration of free RRNMW. The Korean Communications in Statistics, 18, 697-705.   과학기술학회마을   DOI   ScienceOn
10 Jung, K. M., Park M. and Park, D. H. (2010). System maintenance cost dependent on life cycle under renewing warranty policy. Reliability Engineering and System Safety, 95, 816-821.   DOI   ScienceOn
11 Sahin, I. and Polatoglu, H. (1996). Maintenance strategies following the expiration of warranty. IEEE Transactions on Reliability, 45, 220-228.   DOI   ScienceOn
12 Yeh, R. H., Chen, M. Y. and Lin, C. Y. (2007). Optimal periodic replacement policy for repairable products under free-repair warranty. European Journal of Operational Research, 176, 1678-1686.   DOI   ScienceOn
13 Wu, S. and Longhurst, P. (2011). Optimising age-replacement and extended non-renewing warranty policies in lifecycle costing. International Journal of Production Economics, 130, 262-267.   DOI   ScienceOn