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A Decision Optimization Model for Leased Manufacturing Equipment with Warranty under Forecasting ProductionMaintenance Problem
Joint Authors
Hajej, Zied
Rezg, Nidhal
Gharbi, Ali
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-05-19
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
Due to the expensive production equipment, many manufacturers usually lease production equipment with a warranty period during a finite leasing horizon, rather than purchasing them.
The lease contract contains the possibility of obtaining an extended warranty for a given additional cost.
In this paper, based on the forecasting production/maintenance optimization problem, we develop a mathematical model to study the lease contract with basic and extended warranty based on win-win relationship between the lessee and the lessor.
The influence of the production rates in the equipment degradation consequently on the total cost by each side during the finite leasing horizon is stated in order to determine a theoretical condition under which a compromise-pricing zone exists under different possibilities of maintenance policies.
American Psychological Association (APA)
Hajej, Zied& Rezg, Nidhal& Gharbi, Ali. 2015. A Decision Optimization Model for Leased Manufacturing Equipment with Warranty under Forecasting ProductionMaintenance Problem. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-14.
https://search.emarefa.net/detail/BIM-1073378
Modern Language Association (MLA)
Hajej, Zied…[et al.]. A Decision Optimization Model for Leased Manufacturing Equipment with Warranty under Forecasting ProductionMaintenance Problem. Mathematical Problems in Engineering No. 2015 (2015), pp.1-14.
https://search.emarefa.net/detail/BIM-1073378
American Medical Association (AMA)
Hajej, Zied& Rezg, Nidhal& Gharbi, Ali. A Decision Optimization Model for Leased Manufacturing Equipment with Warranty under Forecasting ProductionMaintenance Problem. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-14.
https://search.emarefa.net/detail/BIM-1073378
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1073378