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An Optimal Random Hybrid Maintenance Policy of Systems under a Warranty with Rebate and Charge

Author

Listed:
  • Lijun Shang

    (School of Quality Management and Standardization, Foshan University, Foshan 528000, China)

  • Xiguang Yu

    (Gao Tou Yao Coal Mine, North Union Electric Power Limited Liability Company, Ordos 014323, China)

  • Yongjun Du

    (School of Economics and Management, Lanzhou University of Technology, Lanzhou 730050, China)

  • Anquan Zou

    (School of Quality Management and Standardization, Foshan University, Foshan 528000, China)

  • Qingan Qiu

    (School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China)

Abstract

Facilitated by advanced digital technologies, reliability managers can monitor system working cycles during the whole life cycle. Such a technological realization can help reliability managers ensure system reliability in real time by monitoring working cycles. In this paper, by incorporating a limited random working cycle, rebate and charge into warranty theory, a random free repair warranty with rebate and charge (RFRW-RC) is devised to ensure system reliability during the warranty stage. Under RFRW-RC, the rebate removes manufacturers’ responsibility for continuing to ensure system reliability, while the charge is a support where manufacturers continue to ensure system reliability. The warranty cost of RFRW-RC is derived, and a random discrete free repair warranty (RDFRW) is presented by simplifying RFRW-RC. By mixing random age replacement last (RARL) and classic age replacement (CAR), a random hybrid age replacement (RHAR) is designed in order to ensure system reliability during the post-warranty stage. In such an RHAR, RARL is applied to extend the replacement time during the post-warranty stage in order to maximize the remaining life of the system through warranty, and CAR is used to lower the maintenance cost of the system through warranty. The cost rate of RHAR is modeled, and the cost rate of RDFRW is offered as well by discussing parameter values. The decision variable is optimized by minimizing the cost rate model. The properties of the presented models are explored from numerical perspectives.

Suggested Citation

  • Lijun Shang & Xiguang Yu & Yongjun Du & Anquan Zou & Qingan Qiu, 2022. "An Optimal Random Hybrid Maintenance Policy of Systems under a Warranty with Rebate and Charge," Mathematics, MDPI, vol. 10(18), pages 1-19, September.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:18:p:3229-:d:907899
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    References listed on IDEAS

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    Cited by:

    1. Lijun Shang & Xiguang Yu & Liying Wang & Yongjun Du, 2022. "Design of Random Warranty and Maintenance Policy: From a Perspective of the Life Cycle," Mathematics, MDPI, vol. 10(20), pages 1-22, October.
    2. Lijun Shang & Baoliang Liu & Kaiye Gao & Li Yang, 2023. "Random Warranty and Replacement Models Customizing from the Perspective of Heterogeneity," Mathematics, MDPI, vol. 11(15), pages 1-22, July.
    3. Shang, Lijun & Liu, Baoliang & Qiu, Qingan & Yang, Li & Du, Yongjun, 2023. "Designing warranty and maintenance policies for products subject to random working cycles," Reliability Engineering and System Safety, Elsevier, vol. 234(C).

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