• Title/Summary/Keyword: non-renewing combination warranty

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Optimal Replacement Policy for a Repairable System with Combination Warranty (혼합보증이 있는 수리 가능한 시스템에 대한 최적의 교체정책)

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    • The Korean Journal of Applied Statistics
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    • v.15 no.1
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    • pp.107-117
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    • 2002
  • 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.

A Bayesian approach to replacement policy following the expiration of non-renewing combination warranty based on cost and downtime (비재생혼합보증이 종료된 이후의 비용과 비가동시간에 근거한 교체정책에 대한 베이지안 접근)

  • Jung, Ki-Mun
    • Journal of the Korean Data and Information Science Society
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    • v.21 no.5
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    • pp.873-882
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    • 2010
  • This paper considers a Bayesian approach to replacement policy following the expiration of non-renewing combination warranty. The non-renewing combination warranty is the combination of the non-renewing free replacement warranty and the non-renewing pro-rata replacement warranty. We use the criterion based on the expected cost and the expected downtime to determine the optimal replacement period. To do so, we obtain the expected cost rate per unit time and the expected downtime per unit time, respectively. When the failure times are assumed to follow a Weibull distribution with uncertain parameters, we propose the optimal replacement policy based on the Bayesian approach. The overall value function suggested by Jiang and Ji (2002) is utilized to determine the optimal replacement period. Also, the numerical examples are presented for illustrative purpose.

Replacement Model Based on Cost and Downtime

  • Jung, Ki-Mun;Han, Sung-Sil;Lim, Jae-Hak
    • Journal of the Korean Data and Information Science Society
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    • v.14 no.4
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    • pp.889-901
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    • 2003
  • In this paper, we consider the optimal replacement policies following the expiration of the combination warranty. The combination warranty can be divided into the renewing combination warranty and the non-renewing combination warranty. The criterion used to determine the optimal replacement period is the overall value function based on the expected cost and the expected downtime. Thus, we obtain the expected cost rate per unit time and the expected downtime per unit time for our model. And then the overall value function suggested by Jiagn and Ji(2002) is applied to obtain the optimal replacement period. The numerical examples are presented for illustrative purpose.

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Periodic PM Policy for Repairable System with RCW or NCW

  • Jung, Gi-Mum;Kim, Dae-Kyung;Park, Dong-Ho
    • International Journal of Reliability and Applications
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    • v.3 no.3
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    • pp.113-124
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    • 2002
  • This paper suggests the optimal periodic preventive maintenance policies after the combination warranty is expired. After the combination warranty is expired, a repairable system undergoes PM periodically and is minimally repaired at each failure. And also the system is replaced by a new system at the N th PM. In this case, we derive the mathematical formula for the expected cost rate per unit time. The optimal number and period for the periodic PM that minimize the expected cost rate per unit time are obtained. Some numerical examples are presented for illustrate purpose.

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