Optimization of a two-dimensional warranty policy for a multi-component system with consideration of periodic preventive maintenance action
Papers|更新时间:2025-06-06
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Optimization of a two-dimensional warranty policy for a multi-component system with consideration of periodic preventive maintenance action
考虑周期性预防维护措施的多组件系统二维保修策略优化
“In the realm of warranty policy optimization for multi-component systems, this article presents a novel approach. It introduces a two-dimensional warranty policy that factors in both age and usage, offering a more practical framework for manufacturers. The study develops mathematical models to assess expected warranty costs and identifies the optimal warranty length to minimize cost rates, taking into account repair, preventive maintenance, and refund/replacement costs.”
Journal of Reliability Science and EngineeringIssue 2, Pages: 1-13(2025)
作者机构:
College of Business Administration, Hongik University, Seoul, Republic of Korea
Industry Academic Cooperation Foundation, Hallym University, Chuncheon, Republic of Korea
作者简介:
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"Minjae Park received a BS degree in applied statistics from Yonsei University, Seoul, Korea, an MA degree in statistics from Columbia University, New York, USA, and a PhD degree in industrial and systems engineering from Rutgers University, Piscataway, USA. He is currently a full professor with the College of Business Administration, Hongik University, Seoul, Korea. His research interests include reliability modeling, maintenance policy, quality management, mean shift detection, optimization, and applied statistics."
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"Dong Ho Park is a professor emeritus at Hallym University, Chuncheon, Korea. He received his BS degree in applied mathematics from Seoul National University, Seoul, Korea, in 1968 and MS and PhD degrees from Florida State University, Tallahassee, USA, in 1980 and 1982, respectively. He was formerly an associate professor at the University of Nebraska–Lincoln, USA, until 1995 and was a director of the Statistics Division, Department of Mathematics and Statistics during 1992–1993. He was a founder of the Korean Reliability Society in 1999 and assumed the presidency of that society from 1999 to 2004. At present, he is an honorary president of The Korean Reliability Society and works as a research professor at Hallym University, Korea. He has published over 100 research papers in the areas of reliability theory, life testing, software reliability, and system maintenance policy in a wide variety of international journals. He is a fellow of the Korean Academy of Science and Technology."
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Minjae Park, Dong Ho Park. Optimization of a Two-Dimensional Warranty Policy for a Multi-Component System with Consideration of Periodic Preventive Maintenance Action[J]. Journal of Reliability Science and Engineering, 2025, 1: 025004.
Minjae Park, Dong Ho Park. 考虑周期性预防维护措施的多组件系统二维保修策略优化[J]. 可靠性科学与工程学报(英文), 2025, 1: 025004.
Minjae Park, Dong Ho Park. Optimization of a Two-Dimensional Warranty Policy for a Multi-Component System with Consideration of Periodic Preventive Maintenance Action[J]. Journal of Reliability Science and Engineering, 2025, 1: 025004. DOI: 10.1088/3050-2454/add5fb.
Minjae Park, Dong Ho Park. 考虑周期性预防维护措施的多组件系统二维保修策略优化[J]. 可靠性科学与工程学报(英文), 2025, 1: 025004. DOI: 10.1088/3050-2454/add5fb.
Optimization of a two-dimensional warranty policy for a multi-component system with consideration of periodic preventive maintenance action