• Title/Summary/Keyword: extended warranty

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Optimal replacement policy after extended warranty for a system with minimal repair warranty (최소수리 보증을 갖는 시스템에 대한 연장된 보증 이후의 최적의 교체정책)

  • Jung, Ki Mun
    • Journal of Applied Reliability
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    • v.13 no.2
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    • pp.77-86
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    • 2013
  • Recently, an extended warranty of a system following the expiration of the basic warranty is becoming increasingly popular to the user. In this respect, we suggest a replacement model following the expiration of extended warranty with minimal repair warranty from the user's point of view in this paper. Under extended warranty, the failed system is minimally repaired by the manufacturer at no cost to the user during the original extended warranty period. As a criterion of the optimality, we utilize the expected cost rate per unit time during the life cycle from the user's perspective and suggest the optimal replacement period after extended warranty. Finally, a few numerical examples are given for illustrative purpose.

Extended warranty model under minimal repair-replacement warranty policy

  • Jung, Ki Mun
    • International Journal of Reliability and Applications
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    • v.18 no.1
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    • pp.1-8
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    • 2017
  • In this paper, we study an extended warranty model under minimal repair-replacement warranty (MRRW) which is suggested by Park, Jung and Park (2013). Under MRRW policy, the manufacturer is responsible for providing the minimal repair-replacement services upon the system failures during the warranty period. And if the failure occurs during the extended warranty period, only the minimal repair is conducted. Following the expiration of extended warranty, the user is solely responsible for maintaining the system for a fixed length of time period and replaces the system at the end of such a maintenance period. During the maintenance period, only the minimally repair is given for each system failure. The main purpose of this article is to suggest the extended warranty and replacement model with MRRW. Given the cost structures incurred during the life cycle of the system, we formulate the expected cost and the expected length of life cycle to obtain the expected cost rate.

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Preventive Maintenance Policy Following the Expiration of Extended Warranty Under Replacement-Repair Warranty (교체-수리보증 하에서 연장된 보증이 종료된 이후의 예방보전정책)

  • Jung, Ki Mun
    • Journal of Applied Reliability
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    • v.14 no.2
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    • pp.122-128
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    • 2014
  • In this paper, we consider the periodic preventive maintenance model for a repairable system following the expiration of extended warranty under replacement-repair warranty. Under the replacement-repair warranty, the failed system is replaced or minimally repaired by the manufacturer at no cost to the user. Also, under extended warranty, the failed system is minimally repaired by the manufacturer at no cost to the user during the original extended warranty period. As a criterion of the optimality, we utilize the expected cost rate per unit time during the life cycle from the user's perspective. And then we determine the optimal preventive maintenance period and the optimal preventive maintenance number by minimizing the expected cost rate per unit time. Finally, the optimal periodic preventive maintenance policy is given for Weibull distribution case.

Replacement Model after Extended Two-phase Warranty (연장된 이단계 보증 이후의 교체모형)

  • Jung, Ki Mun
    • Journal of Integrative Natural Science
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    • v.14 no.4
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    • pp.197-204
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    • 2021
  • Under the two-phase warranty, the warranty period is divided into two intervals, one of which is for renewing replacement warranty, and the other is for minimal repair warranty. Jung[13] discusses the two types of extended two-phase warranty models. In this paper, we suggest the replacement model after the extended two-phase warranty that has been proposed by Jung[13]. To determine the optimal replacement policy, we adopt the expected cost rate per unit time. So, the expressions for the total expected cost, the expected length of the cycle and the expected cost rate per unit time from the user's point of view are derived. Also, we discuss the optimal replacement policy and the uniqueness of the solution for the optimization. Furthermore, the numerical examples are provided to illustrate the proposed the replacement model.

Extended warranty policy when minimal repair cost is a function of failure time (최소수리비용이 고장시간의 함수일 때 연장된 보증 정책)

  • Jung, Ki Mun
    • Journal of the Korean Data and Information Science Society
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    • v.23 no.6
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    • pp.1195-1202
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    • 2012
  • In this paper, we determine the expected total cost from the user's perspective for the replacement model with the extended warranty when minimal repair cost is a function of failure time. To do so, we define the extended warranty and assume the replacement model following the expiration of extended warranty from the user's perspective. Especially, we propose the criterion to buy the extended warranty and the numerical examples are presented to illustrate the purpose when the failure time of the system has a Weibull distribution.

Preventive maintenance model with extended warranty (연장된 보증을 갖는 예방보전모형)

  • Jung, Ki Mun
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.4
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    • pp.773-781
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    • 2013
  • Recently, an extended warranty of the system following the expiration of the basic warranty is becoming increasingly popular to the user. In this respect, we suggest a preventive maintenance model following the expiration of extended warranty with minimal repair warranty from the user's point of view in this paper. Under basic warranty and extended warranty, the failed system is minimally repaired by the manufacturer at no cost to the user. For the preventive maintenance model, we derive the expressions for the expected cycle length, the expected total cost and the expected cost rate per unit time. Also, we determine the optimal preventive maintenance period and the optimal preventive maintenance number by minimizing the expected cost rate per unit time. Finally, the numerical examples are presented to illustrate the purpose when the failure time of the system has a Weibull distribution.

Two stage maintenance policy under non-renewing warranty (비재생보증 하에서의 이단계 보전정책)

  • Jung, Ki Mun
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.6
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    • pp.1557-1564
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    • 2016
  • Recently, an extended warranty of a system following the expiration of the basic warranty is becoming increasingly popular to the user. In this respect, we suggest a two stage maintenance policy under the non-renewing warranty from the user's point of view in this paper. In the first stage, the user has to decide whether or not to purchase the extended warranty period. And, in the second stage, the optimal replacement period following the expiration of the warranty is determined. Under the extended warranty, the failed system is minimally repaired by the manufacturer at no cost to the user. We utilize the expected cost from the user's perspective to determine the optimal two stage maintenance policy. Finally, a few numerical examples are given for illustrative purpose.

The Effect of Extended Warranties on Economic Outcome in a Supply Chain (공급사슬상에서 연장보증의 경제적 효과)

  • Sunghee Lee;Jinsoo Park
    • Journal of Korean Society for Quality Management
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    • v.51 no.1
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    • pp.1-18
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    • 2023
  • Purpose: In Part 1, the purpose of this study is to examine how a used product provider optimizes a company's profits by comparing an extended warranty to a used product only when selling a product and what it provides later. In addition, in Part 2, an empirical study can confirm the structure in which extended guarantees can work effectively by grasping consumers' purchase intention according to the time of sale of extended guarantees, which is the basic premise of the analysis model of Part 1. Methods: This study aims to conduct not only analytical studies but also empirical studies applying various statistical analysis methods using questionnaires targeting customers and potential consumers who have subscribed to extended warranty services. Results: The study showed that the profits of companies providing extended warranty services were proportional to the coefficient of the extended guarantee service value, so it is necessary to create an environment in which the effect of extended guarantee services can be well realized. In the empirical model, the higher the emotional and economic benefits are perceived, the higher the purchase intention according to the future purchase of extended guarantees. Conclusion: Through this study, various problems that may be caused by the structural diversity of the supply chain providing extended warranties in the future can be viewed and contribute to the theoretical foundation for strategic understanding.

A Bayesian Approach to Replacement Policy with Extended Warranty (연장된 보증이 있는 교체정책에 대한 베이지안 접근)

  • Jung, Ki Mun
    • Journal of Applied Reliability
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    • v.13 no.4
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    • pp.229-239
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    • 2013
  • This paper reports a manner to use a Bayesian approach to derive the optimal replacement policy. In order to produce a system with minimal repair warranty, a replacement model with the extended warranty is considered. Within the warranty period, the failed system is minimally repaired by the manufacturer at no cost to the end-user. The failure time is assumed to follow a Weibull distribution with unknown parameters. The expected cost rate per unit time, from the end-user's viewpoints, is induced by the Bayesian approach, and the optimal replacement policy to minimize the cost rate is proposed. Finally, a numerical example illustrating to derive the optimal replacement policy based on the Bayesian approach is described.

Approximation of Green Warranty Function by Radon Radial Basis Function Network (Radon RBF Network에 의해 그린 보증 함수의 근사화)

  • Lee, Sang-Hyun;Lim, Jong-Han;Moon, Kyung-Li
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.12 no.3
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    • pp.123-131
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    • 2012
  • As the price of traditional fuels soar, the alternatives are becoming more viable. And manufacturers are promoting the growing viability of electric and biofuel-powered vehicles through longer warranties. Now, these longer green environment (emission)warranties, sometimes called extended warranties or "super warranties," have been adapted. The main result of this paper is to present a new method to approximate a bivariate warranty function by using Radial Basis Function Network with application of Radon Transform and its inverse which is used to reduce the dimension of the warranty space. This method consist of the following stages: First, by using the Radon Transform, the bivariate warranty function can be reduced to one dimensional function. Second, each of the one dimensional functions is approximated by using neural network technique into neural sub-networks. Third, these neural sub-networks are combined together to form the final approximation neural network. Four, by using the inverse of radon transform to this final approximation neural network we get the approximation to the given function. Also, we apply the above method to some green warranty data of automotive vehicle company.