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On information-based warranty policy for repairable products from heterogeneous populationAuthor-Name: Lee, Hyunju

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  • Cha, Ji Hwan
  • Finkelstein, Maxim

Abstract

Preventive maintenance over the warranty period has a crucial effect on the warranty servicing cost. Numerous papers on the optimal maintenance strategies for warranted items have focused on the case of items from homogeneous populations. However, most of real life populations are heterogeneous. In this paper, we assume that an item is randomly selected from a mixed population composed of two stochastically ordered subpopulations and that the subpopulation, from which the item is chosen, is unknown. As the operational history of an item contains the information on the chosen subpopulation, we utilize this information to develop and justify a new information-based warranty policy. For illustration of the proposed model, we provide and discuss relevant numerical examples.

Suggested Citation

  • Cha, Ji Hwan & Finkelstein, Maxim, 2016. "On information-based warranty policy for repairable products from heterogeneous populationAuthor-Name: Lee, Hyunju," European Journal of Operational Research, Elsevier, vol. 253(1), pages 204-215.
    • Handle: RePEc:eee:ejores:v:253:y:2016:i:1:p:204-215
    DOI: 10.1016/j.ejor.2016.02.020
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    References listed on IDEAS

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    Cited by:

    1. Liu, Bin & Shen, Lijuan & Xu, Jianyu & Zhao, Xiujie, 2020. "A complimentary extended warranty: Profit analysis and pricing strategy," International Journal of Production Economics, Elsevier, vol. 229(C).
    2. Cha, Ji Hwan & Finkelstein, Maxim & Levitin, Gregory, 2021. "Optimal warranty policy with inspection for heterogeneous, stochastically degrading items," European Journal of Operational Research, Elsevier, vol. 289(3), pages 1142-1152.
    3. Lin, Kunsong & Chen, Yunxia, 2021. "Analysis of two-dimensional warranty data considering global and local dependence of heterogeneous marginals," Reliability Engineering and System Safety, Elsevier, vol. 207(C).
    4. Xiaolin Wang & Wei Xie, 2018. "Two-dimensional warranty: A literature review," Journal of Risk and Reliability, , vol. 232(3), pages 284-307, June.
    5. Cavalcante, C.A.V. & Lopes, R.S. & Scarf, P.A., 2018. "A general inspection and opportunistic replacement policy for one-component systems of variable quality," European Journal of Operational Research, Elsevier, vol. 266(3), pages 911-919.
    6. Wang, Yukun & Liu, Yiliu & Liu, Zixian & Li, Xiaopeng, 2017. "On reliability improvement program for second-hand products sold with a two-dimensional warranty," Reliability Engineering and System Safety, Elsevier, vol. 167(C), pages 452-463.
    7. Wang, Yukun & Liu, Yiliu & Li, Xiaopeng & Chen, Junyan, 2019. "Multi-phase reliability growth test planning for repairable products sold with a two-dimensional warranty," Reliability Engineering and System Safety, Elsevier, vol. 189(C), pages 315-326.
    8. Huang, Yeu-Shiang & Fang, Chih-Chiang & Lu, Chang-Ming & (Bill) Tseng, Tzu-Liang, 2022. "Optimal Warranty Policy for Consumer Electronics with Dependent Competing Failure Processes," Reliability Engineering and System Safety, Elsevier, vol. 222(C).
    9. Chen, Cheng-Kang & Lo, Chih-Chung & Weng, Tzu-Chun, 2017. "Optimal production run length and warranty period for an imperfect production system under selling price dependent on warranty period," European Journal of Operational Research, Elsevier, vol. 259(2), pages 401-412.
    10. Chien, Yu-Hung & Zhang, Zhe George & Yin, Xiaoling, 2019. "On optimal preventive-maintenance policy for generalized Polya process repairable products under free-repair warranty," European Journal of Operational Research, Elsevier, vol. 279(1), pages 68-78.
    11. Ji Hwan Cha & Maxim Finkelstein, 2022. "A new warranty policy for heterogeneous items subject to monotone degradation processes," Journal of Risk and Reliability, , vol. 236(1), pages 55-65, February.

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