Bayesian Maintenance Policies during a Warranty Period
نویسندگان
چکیده
Most of the brand new items are released on the market with a certain type of warranty. A xed length warranty period is assumed in this paper. A maintenance policy which consists of minimal repair and preventive maintenance is analyzed for the case of known and unknown failure parameters of the item's lifetime distribution. For the second case, two types of Bayesian policies are considered. An extensive simulation study comparing the performance of these maintenance policies is performed.
منابع مشابه
Two echelon-two indenture extended warranty distribution network under imperfect preventive maintenance policies
Nowadays, offering extended warranty is considered as a lucrative source of income from the perspective of the after-sale service providers. Meanwhile, the main concern is presence or absence of base warranty and strategies adopted by the manufacturer during this period. Moreover, extended warranty structure must be responsive and customer oriented, which not only control the services cost but ...
متن کاملMoney-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...
متن کاملThe Integrated Supply Chain of After-sales Services Model: A Multi-objective Scatter Search Optimization Approach
Abstract: In recent decades, high profits of extended warranty have caused that third-party firms consider it as a lucrative after-sales service. However, customers division in terms of risk aversion and effect of offering extended warranty on manufacturers’ basic warranty should be investigated through adjusting such services. Since risk-averse customers welcome extended warranty, while the cu...
متن کاملDevelopment of lifetime warranty policies and models for estimating costs
In today's fiercely competitive products market, product warranty has started playing an important role. The warranty period offered by the manufacturer/dealer has been progressively increasing since the beginning of the 20th Century. Currently, a large number of products are being sold with long-term warranty policies in the form of extended warranty, warranty for used products, service contra...
متن کاملBayesian approaches for optimizing warranty length of products
Today's manufacturers face increasingly intense competition and to remain profitable they needed to design, develop and produce high reliable products. One way by which manufacturers attract consumers to their products is by providing warranties on the products. Consumers are willing to purchase a longer warranty period product. While maintaining such a policy needs very high cost for ...
متن کامل