• Title/Summary/Keyword: payable renewing replacement-non-renewing minimal repair warranty

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Optimal replacement policy following the expiration of payable RRNMW (유료 재생교체-비재생수리보증이 종료된 이후의 최적의 교체정책)

  • Jung, Ki-Mun
    • Journal of Applied Reliability
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    • v.11 no.4
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    • pp.409-417
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    • 2011
  • In this paper, we consider a replacement model following the expiration of warranty. In other words, this paper proposes the optimal replacement policy for a repairable system following the expiration of payable renewing replacement-non-renewing minimal repair warranty. The expected cost rate per unit time from the user's perspective is used to determine the optimality of the replacement policy. Thus, 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 purpose.