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Optimal Down-Time Target for Performance Based Remanufactured Lease Contract
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Abstract
To reduse the high cost of purchasing equipment, many companies tend to lease a new or a remanufactured equipment rather than to purchase it. The consumer willing to lease a manufactured equipment if the lessor ensures a maximum avaibility of the equipment during a lease contract period. In this paper, the equipment is leased for a period of time with maximum usage per period. If the total usage per period exceeds the maximum uasge allowed in the contract, then cotomer (as a lease) will be charged an additional cost. To reach a high avability, the lessor needs a performance based preventive mainenance (pm) policy. Since the lesor objective function is to maximize their profit with kep the reliabiluty as high as possible, then the decision variable for the lessor is to find the optimal down-time allowed and the optimal pm efforts for a given price of the lease. Numerical examples are given to illustrate the optimal solution.
658 HEN a
600
Text
Indonesia
Springer Nature Singapore Ptc, Ltd
2020
Singapore
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APA Citation
Hennie Husniah. (2020).Optimal Down-Time Target for Performance Based Remanufactured Lease Contract.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd