Warranty analysis of a two-component system with type I stochastic dependence

Nan Zhang; Mitra Fouladirad; Anne Barros

doi:10.1177/1748006X17742775

Warranty analysis of a two-component system with type I stochastic dependence

Nan Zhang
, Mitra Fouladirad^*
, Anne Barros

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

This article develops the warranty cost analysis of a two-component in-series system with stochastic dependence. From the perspectives of both the manufacturer and the consumer, the short-run total profits and costs under the non-renewing free replacement (non-renewing free replacement warranty) policy and the renewing free replacement warranty policy are derived, respectively. Numerical examples are given showing the impact of the failure dependence to both the consumer and the manufacturer.

Original language	English
Pages (from-to)	274-283
Number of pages	10
Journal	Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability
Volume	232
Issue number	3
DOIs	https://doi.org/10.1177/1748006X17742775
Publication status	Published - 1 Jun 2018
Externally published	Yes

Keywords

Two-component systems
free replacement
stochastic dependence
the finite time horizon

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10.1177/1748006X17742775

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abstract = "This article develops the warranty cost analysis of a two-component in-series system with stochastic dependence. From the perspectives of both the manufacturer and the consumer, the short-run total profits and costs under the non-renewing free replacement (non-renewing free replacement warranty) policy and the renewing free replacement warranty policy are derived, respectively. Numerical examples are given showing the impact of the failure dependence to both the consumer and the manufacturer.",

keywords = "Two-component systems, free replacement, stochastic dependence, the finite time horizon",

author = "Nan Zhang and Mitra Fouladirad and Anne Barros",

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N2 - This article develops the warranty cost analysis of a two-component in-series system with stochastic dependence. From the perspectives of both the manufacturer and the consumer, the short-run total profits and costs under the non-renewing free replacement (non-renewing free replacement warranty) policy and the renewing free replacement warranty policy are derived, respectively. Numerical examples are given showing the impact of the failure dependence to both the consumer and the manufacturer.

AB - This article develops the warranty cost analysis of a two-component in-series system with stochastic dependence. From the perspectives of both the manufacturer and the consumer, the short-run total profits and costs under the non-renewing free replacement (non-renewing free replacement warranty) policy and the renewing free replacement warranty policy are derived, respectively. Numerical examples are given showing the impact of the failure dependence to both the consumer and the manufacturer.

KW - Two-component systems

KW - free replacement

KW - stochastic dependence

KW - the finite time horizon

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ER -

Warranty analysis of a two-component system with type I stochastic dependence

Abstract

Keywords

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