Optimal preventive maintenance policy for products sold under warranty

A warrenty is a contractual obligation incurred by a producer in connection with the sale of a product. The warranty specifies that the producer agrees to remedy certain failures in the product sold. There have been many articles dealing with warranties, but they have studied about optimal warranty cost for the warranty period. In this study, an optimal preventive maintenance time interval is computed. The optimal preventive maintenance time interval minimizing warranty cost for the warranty period is discussed. It is assumed that failure rate is increasing and the failure rate after preventive maintenance or corrective maintenance lies between good as new and bad as old. [In Korean.]