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http://dx.doi.org/10.5351/CKSS.2011.18.6.697

Replacement Model Following the Expiration of Free RRNMW  

Jung, Ki-Mun (Department of Informational Statistics, Kyungsung University)
Publication Information
Communications for Statistical Applications and Methods / v.18, no.6, 2011 , pp. 697-705 More about this Journal
Abstract
This paper proposes an optimal replacement policy following the expiration of a free renewing replacement-non-renewing minimal repair warranty. To do so, the free renewing replacement-non-renewing minimal repair warranty is defined and then the maintenance model following the expiration of free renewing replacement-non-renewing minimal repair warranty from the user's point of view is studied. As the criteria to determine the optimality of the maintenance policy, we consider the expected cost rate per unit time from the user's perspective. We derive the expressions for the expected cycle length and the expected total cost to obtain the expected cost rate per unit time. Finally, the numerical examples are presented for illustrative purposes.
Keywords
Replacement model; expected cost rate per unit time; free renewing replacement-non-renewing minimal repair warranty; non-renewing free minimal repair warranty; renewing free replacement warranty;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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