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http://dx.doi.org/10.5351/KJAS.2002.15.1.107

Optimal Replacement Policy for a Repairable System with Combination Warranty  

정기문 (조선대학교 BK21 지역대학 육성사업단, 계약교수)
Publication Information
The Korean Journal of Applied Statistics / v.15, no.1, 2002 , pp. 107-117 More about this Journal
Abstract
In this paper we present the optimal replacement policies following the expiration of combination warranty. We consider two types of combination warranty policies: renewing warranty and non-renewing warranty. The criterion used to determine the optimal replacement period is the expected cost rate per unit time from the user'perspective. The optimal maintenance period following the expiration of combination warranty is obtained. Some numerical examples are presented for illustrative purpose.
Keywords
Replacement Policy; Maintenance Period; Renewing Combination Warranty; Non-renewing Combination Warranty; Minimal Repair; Hazard Rate Function.;
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