Optimal burn-in and preventive maintenance warranty strategies with time-dependent maintenance costs

Mahmood Shafiee, Maxim Finkelstein and Ming Zuo

IISE Transactions, 2013, vol. 45, issue 9, 1024-1033

Abstract: This article considers the determination of the optimal burn-in time, the degree of preventive maintenance, and the preventive maintenance interval (or, equivalently, the number of preventive maintenance actions) for warranted products with time-dependent maintenance costs. The expected cost function is derived by adopting an appropriate age-reduction model and the determination of the optimal joint solution is discussed. Finally, the impact of providing a burn-in/preventive maintenance program is evaluated through numerical examples.

Date: 2013
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Citations: View citations in EconPapers (12)

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DOI: 10.1080/0740817X.2013.768784

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