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Two-Dimensional Lease Contract With Preventive Maintenance Using Bivariate Weibull
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Abstract
This paper develops a two-dimensional lease contract for repairable products. During the contract period, all maintenanceactions are carriedout by the lessor. There are two customer types considered–the one whose lease contract end because ausage limit and the other type whose lease contract cease because the time limit has reached first. The proposed model usesa two-dimensional approach, and model failures using a bivariate Weibull distribution. When the age or usage of equipmentreaches a specified limit, an imperfect preventive maintenance is conducted and each PM will reduce the failure rate levelof the equipment. Furthermore, if the equipment fails, a minimal repair corrective maintenance is performed. As anillustration, a numerical example is presented to show the optimal preventive maintenance that minimizes lessor’smaintenance cost, and the expected number of breakdowns during leased contract period. This proposed model will becompared with a recent relevant approach through numerical computation.
Hennie Husniah - Personal Name
Bermawi P. Iskandar - Personal Name
Hutomo A. Maulana - Personal Name
Udjianna S. Pasaribu - Personal Name
Bermawi P. Iskandar - Personal Name
Hutomo A. Maulana - Personal Name
Udjianna S. Pasaribu - Personal Name
26(1), 48-58, 2019
658 HEN a
600
Text
English
2019
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APA Citation
Hennie Husniah. (2019).Two-Dimensional Lease Contract With Preventive Maintenance Using Bivariate Weibull.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd