Random Maintenance Strategy Modeling of Warranted Products with Reliability Heterogeneity

Money-back guarantee warranty policy with preventive maintenance strategy for sensor-embedded remanufactured products

In today’s global environment, technology is constantly evolving. Being able to stay up-to-date with the very latest technological advances can be extremely hard to accomplish. As a result of these changes and developments in technology, which often come unexpectedly, consumers are frequently tempted to update their devices to the very latest model. The result is that the life cycle of a produc...

American Self-Identification: A Strategy of Maintenance

Reliability Modeling and Analysis in Random Environments

We consider a number of models where the main emphasis is on the effects of random environmental changes on system reliability. They include complex hardware and software systems which operate under some set of environmental states that affect the failure structure of all components. Our discussion will be of an expository nature and we will review mostly existing and ongoing research of the au...

Discounting Strategy in Two-Echelon Supply Chain with Random Demand and Random Yield

T This paper analyzes different pricing strategies in a two-echelon supply chain including one supplier and two retailers. The supplier and the retailers face random yield and random demand, respectively. Moreover, coordination or non-coordination of retailers in receiving the discount is investigated. Game theory is used to model and analyze the problems. The supplier as a leader of Stackelbe...

Preventive maintenance models with random maintenance quality

In real-world environments it is usually difficult to specify the quality of a preventive maintenance (PM) action precisely. This uncertainty makes it problematic to optimise maintenance policy. This problem is tackled in this paper by assuming that the quality of a PM action is a random variable following a probability distribution. Two frequently studied PM models, a failure rate PM model and...