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Optimal maintenance policies during the post-warranty period for second-hand item

  • Dae Kyung Kim*
  • , Jae Hak Lim
  • , Dong Ho Park
  • *Corresponding author for this work

Research output: Contribution to conferenceConference paperpeer-review

Abstract

This paper studies the optimal periodic PM policies of a second-hand item following the expiration of warranty. The criterion used to determine the optimality of the PM is the expected maintenance cost rate per unit time from the customer's perspective. The periodic PM of the item starts right after the warranty is expired and all maintenance costs are paid by the customer. Given the cost structures of maintaining the item, we determine the optimal number of PM's before replacing the item by a new one and the optimal length of period for the periodic PM following the expiration of warranty.

Original languageEnglish
Title of host publicationICQR2MSE 2011 - Proceedings of 2011 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering
Pages446-450
Number of pages5
DOIs
StatePublished - 2011
Event2011 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering, ICQR2MSE 2011 - Xi'an, China
Duration: 2011.06.172011.06.19

Publication series

NameICQR2MSE 2011 - Proceedings of 2011 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering

Conference

Conference2011 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering, ICQR2MSE 2011
Country/TerritoryChina
CityXi'an
Period11.06.1711.06.19

Keywords

  • expected maintenance cost rate per unit time
  • preventive maintenance
  • renewing free-replacement warranty
  • renewing pro-rata warranty
  • warranty

Quacquarelli Symonds(QS) Subject Topics

  • Engineering - Petroleum

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