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An optimal production/maintenance strategy under lease contract with warranty periods

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Hajej, Zied and Rezg, Nidhal and Gharbi, Ali. 2016. « An optimal production/maintenance strategy under lease contract with warranty periods ». Journal of Quality in Maintenance Engineering, vol. 22, nº 1. pp. 35-50.
Compte des citations dans Scopus : 5.

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Abstract

This paper investigates the optimal production policy and maintenance strategy for leased equipment under a lease contract with warranty periods. In order to have steady revenue, the lessor (owner) of the equipment may provide guaranty periods to encourage the lessee to sign a lease contract with a longer lease period. Under this production/maintenance scheme, the mathematical model of the expected total cost is developed and the optimal production planning and the corresponding optimal maintenance policy are derived by choosing the optimal warranty periods for the lessee in order to minimize the total cost. The influence of the production rates variation in the equipment degradation is considered by an increasing failure rate according to both time and production rates. The impact of warranty periods on optimal maintenance planning will be studied thereafter. Finally, numerical examples are given to illustrate the analytical study and the effects of the warranty periods variation during the lease periods on the maintenance policy and consequently on the total cost.

Item Type: Peer reviewed article published in a journal
Professor:
Professor
Gharbi, Ali
Affiliation: Génie de la production automatisée
Date Deposited: 16 Feb 2016 17:08
Last Modified: 16 Nov 2016 19:50
URI: http://espace2.etsmtl.ca/id/eprint/12317

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