On The Application Of Copula In Modeling Maintenance Contract

Record Detail Back

hey aku disini show_detail

XML

On The Application Of Copula In Modeling Maintenance Contract

Abstract
This paper deals with the application of copula in maintenance contracts for a nonrepayable item. Failures of the item are modeled using a two dimensional approach where age and usage of the item and this requires a bi-variate distribution to modelling failures. When the item fails then corrective maintenance (CM) is minimally repaired. CM can be outsourced to an external agent or done in house. The decision problem for the owner is to find the maximum total profit whilst for the agent is to determine the optimal price of the contract. We obtain the mathematical models of the decision problems for the owner as well as the agent using a Nash game theory formulation.

Statement of Responsibility

Author(s)

H. Husniah - Personal Name
B. P. Iskandar - Personal Name

Edition

Call Number

658 HEN o

Subject(s)

non-cooperative game theory
maintenance contract
bivariate copula
twodimensional maintenance region

Classification

600

Series Title

GMD

Text

Language

English

Publisher

Publishing Year

2015

Publishing Place

Specific Detail Info

File Attachment

LOADING LIST...

Availability

LOADING LIST...

APA Citation

H. Husniah. (2015).On The Application Of Copula In Modeling Maintenance Contract.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd