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Maintenance optimization for second‐hand products following periodic imperfect preventive maintenance warranty period

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  • Jae‐Hak Lim
  • Dae‐Kyung Kim
  • Dong Ho Park

Abstract

The maintenance policy for a product's life cycle differs for second‐hand and new products. Although several maintenance policies for second‐hand products exist in the literature, they are rarely investigated with reference to periodic inspection and preventive maintenance action during the warranty period. In this research, we study an optimal post‐warranty maintenance policy for a second‐hand product, which was purchased at age x with a fixed‐length warranty period. During the warranty period, the product is periodically inspected and maintained preventively at a prorated cost borne by the user, while any product failure is only minimally repaired by the dealer. After the warranty expires, the product is self‐maintained by the user for a fixed‐length maintenance period and the costs incurred during this time are fully borne by the user. At the end of the maintenance period, the product is replaced with a product of the user's choice. This study is focused on the determination of an optimal length for the maintenance period after the warranty expiration. As a criterion for the optimality, we adopt the long‐run mean cost during the second‐hand product's life cycle from the user's perspective. Finally, our results are analyzed numerically for sensitive analysis of several relevant factors, assuming that the failure distribution follows a Weibull distribution.

Suggested Citation

  • Jae‐Hak Lim & Dae‐Kyung Kim & Dong Ho Park, 2019. "Maintenance optimization for second‐hand products following periodic imperfect preventive maintenance warranty period," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 35(4), pages 1077-1089, July.
    • Handle: RePEc:wly:apsmbi:v:35:y:2019:i:4:p:1077-1089
    DOI: 10.1002/asmb.2450
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    References listed on IDEAS

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    1. Maxim Finkelstein, 2008. "Failure Rate Modelling for Reliability and Risk," Springer Series in Reliability Engineering, Springer, number 978-1-84800-986-8, January.
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    Cited by:

    1. Santos, Augusto César de Jesus & Cavalcante, Cristiano Alexandre Virgínio & Wu, Shaomin, 2023. "Maintenance policies and models: A bibliometric and literature review of strategies for reuse and remanufacturing," Reliability Engineering and System Safety, Elsevier, vol. 231(C).
    2. Karar, Ahmed Noaman & Labib, Ashraf & Jones, Dylan, 2023. "Post-warranty maintenance strategy selection using shape packages process," International Journal of Production Economics, Elsevier, vol. 255(C).
    3. Safaei, Fatemeh & Ahmadi, Jafar & Taghipour, Sharareh, 2022. "A maintenance policy for a k-out-of-n system under enhancing the system’s operating time and safety constraints, and selling the second-hand components," Reliability Engineering and System Safety, Elsevier, vol. 218(PA).
    4. Hashemi, M. & Asadi, M. & Tavangar, M., 2022. "Optimal maintenance strategies for coherent systems: A warranty dependent approach," Reliability Engineering and System Safety, Elsevier, vol. 217(C).
    5. Ali Salmasnia & Maryam Baratian, 2020. "Optimization of maintenance policy under warranty length‐based demand with consideration of both manufacturer and buyer satisfaction," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 36(4), pages 586-603, July.
    6. Zhao, Xiujie & Liu, Bin & Xu, Jianyu & Wang, Xiao-Lin, 2023. "Imperfect maintenance policies for warranted products under stochastic performance degradation," European Journal of Operational Research, Elsevier, vol. 308(1), pages 150-165.
    7. Liu, Peng & Wang, Guanjun & Su, Peng, 2021. "Optimal maintenance strategies for warranty products with limited repair time and limited repair number," Reliability Engineering and System Safety, Elsevier, vol. 210(C).

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