Optimization of Renewable Warranty by Considering System Reliability and Preventive Maintenance and Repairs

Abstract

One of the effective ways to ensure the reliability of the product sold is to consider service and warranty contracts. Important decision variables in warranty policies include determining the optimal warranty period and the optimal number of maintenance activities. In this research, a model has been developed with the aim of achieving the lowest expected cost rate in the life of the device and the appropriate reliability by performing the optimal number of preventive maintenance measures. The warranty policy in this study is renewable in two dimensions, in which two dimensions of repair time and failure time are considered. Any damage leading to repair is done free of charge by the manufacturer and damage leading to replacement is done jointly between the manufacturer and the consumer by agreement. As a result, two algorithms of Genetic and Imperialist Competitive Algorithm have been developed to solve the model and have been compared with numerical example solving. Furthermore, the shelfs life of the system and the number of optimal repair and maintenance measures for maintaining reliability required by the buyer were obtained.