The optimal warranty servicing for repairable products with phase-type lifetime distributions

The optimal warranty servicing for repairable products with phase-type lifetime distributions

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Article ID: iaor19982676
Country: South Korea
Volume: 22
Issue: 1
Start Page Number: 87
End Page Number: 99
Publication Date: Mar 1997
Journal: Journal of the Korean ORMS Society
Authors:
Keywords: stochastic processes
Abstract:

This paper considers warranty servicing for repairable products when product lifetimes are phase-type (PH) distributions. Two replace–repair strategies are analyzed based on renewal processes. The quantities of interest can be expressed in terms of the renewal function which, in general, is very difficult to evaluate. By exploiting properties of PH distributions we obtain simplifications to evaluate these performance measures. Numerical examples for four different PH distributions with typical hazard functions are presented and the results are discussed.

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