Abstract

A policy plan is proposed for the warranty length of a repairable system which consists of a number of minimal repairs and duration of service. For this purpose, two total expected costs of the manufacturer are considered as the objective of the optimization model and the conditions for finding unique optimal solutions are investigated. To illustrate the performance of the theoretical results, numerical computations and graphical analysis are given when the lifetime of the original system follows an exponential distribution or a Weibull distribution. Finally, a real data set corresponds to the time between failures of a compressor is used to demonstrate the results.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.