Discrete Random Renewable Replacements after the Expiration of Collaborative Preventive Maintenance Warranty

Hui Chen, Jie Chen, Yangyang Lai, Xiaoqi Yu, Lijun Shang (), Rui Peng () and Baoliang Liu
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Hui Chen: School of Management, Foshan University, Foshan 528225, China
Jie Chen: School of Management, Foshan University, Foshan 528225, China
Yangyang Lai: School of Management, Foshan University, Foshan 528225, China
Xiaoqi Yu: School of Management, Foshan University, Foshan 528225, China
Lijun Shang: School of Management, Foshan University, Foshan 528225, China
Rui Peng: School of Economics and Management, Beijing University of Technology, Beijing 100124, China
Baoliang Liu: College of Mathematics and Statistics, Shanxi Datong University, Datong 037009, China

Mathematics, 2024, vol. 12, issue 18, 1-21

Abstract: With advanced digital technologies as the key support, many scholars and researchers have proposed various random warranty models by integrating mission cycles into the warranty stage. However, these existing warranty models are designed only from the manufacturer’s subjective perspective, ignoring certain consumer requirements. For instance, they overlook a wide range of warranty coverage, the pursuit of reliability improvement rather than mere minimal repair, and the need to limit the delay in repair. To address these consumer requirements, this paper proposes a novel random collaborative preventive maintenance warranty with repair-time threshold (RCPMW-RTT). This model incorporates terms that are jointly designed by manufacturers and consumers to meet specific consumer needs, thereby overcoming the limitations of existing warranty models. The introduction of a repair-time threshold aims to limit the time delay in repairing failures and to compensate for any losses incurred by consumers. Using probability theory, the RCPMW-RTT is evaluated in terms of cost and time, and relevant variants are derived by analyzing key parameters. As an exemplary representation of the RCPMW-RTT, two random replacement policies named the discrete random renewable back replacement (DRRBR) and the discrete random renewable front replacement (DRRFR) are proposed and modelled to ensure reliability after the expiration of the RCPMW-RTT. In both policies, product replacement is triggered either by the occurrence of the first extreme mission cycle or by reaching the limit on the number of non-extreme mission cycles, whichever comes first. Probability theory is used to present cost rates for both policies in order to determine optimal values for decision variables. Finally, numerical analysis is performed on the RCPMW-RTT to reveal hidden variation tendencies and mechanisms; numerical analysis is also performed on the DRRBR and the DRRFR. The numerical results show that the proposed random replacement policies are feasible and unique; the replacement time within the post-warranty coverage increases as the maintenance quality improves and the cost rate can be reduced by setting a smaller repair-time threshold.

Keywords: mission cycle; warranty; repair-time threshold; back replacement; front replacement (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2024
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