A Value-Adding Approach To Reliability Under Preventive Maintenance Costs and Its Applications

dc.contributor.author Dubey, Rameshwar
dc.contributor.author Kılıç, Erdem
dc.contributor.author Ali, Sadia Samar
dc.contributor.author Weber, Gerhard Wilhelm
dc.date.accessioned 2019-02-28T13:04:26Z
dc.date.accessioned 2019-02-28T11:08:12Z
dc.date.available 2019-02-28T13:04:26Z
dc.date.available 2019-02-28T11:08:12Z
dc.date.issued 2014
dc.description.abstract No equipment (system) can be perfectly reliable in spite of the utmost care and best efforts on the part of the designer, decision-maker and manufacturer. The two sides of maintenance are corrective and preventive maintenance. It is generally assumed that a preventive maintenance action is less costly than a repair maintenance action. We examine this proposition in detail on the basis of a failure-time model that relates conformance quality to reliability. Illustratively, we present reliability in the context of contracts with asymmetric information. The model shows how to overcome information rents through price distortions and quantity rationing. The paper ends with a conclusion and an outlook to future studies.
dc.identifier.citation Kilic, E., Ali, S. S., Weber, G. W., & Dubey, R. (2014). A value-adding approach to reliability under preventive maintenance costs and its applications. Workshop on Optimization in Finance (OPTFIN) Location: Tirgu Mures, ROMANIA, 63, 12, 1805-1816.
dc.identifier.doi 10.1080/02331934.2014.917301
dc.identifier.issn 1029-4945
dc.identifier.issn 0233-1934
dc.identifier.scopus 2-s2.0-84907590585
dc.identifier.uri http://dx.doi.org/10.1080/02331934.2014.917301
dc.identifier.uri https://hdl.handle.net/20.500.11779/607
dc.language.iso en
dc.relation.ispartof Workshop On Optimization in Finance (OPTFIN) Location: Tirgu Mures, ROMANIA
dc.rights info:eu-repo/semantics/openAccess
dc.subject Operational research
dc.subject Financial means
dc.subject Reliability function under preventive maintenance
dc.subject Manufacturing services
dc.subject Economics
dc.title A Value-Adding Approach To Reliability Under Preventive Maintenance Costs and Its Applications
dc.type Conference Object
dspace.entity.type Publication
gdc.author.id Erdem Kılıç / 0000-0003-1917-2227
gdc.author.institutional Kılıç, Erdem
gdc.bip.impulseclass C5
gdc.bip.influenceclass C5
gdc.bip.popularityclass C5
gdc.coar.access open access
gdc.coar.type text::conference output
gdc.description.department İİSBF, Ekonomi Bölümü
gdc.description.endpage 1816
gdc.description.issue 12
gdc.description.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
gdc.description.scopusquality Q2
gdc.description.startpage 1805
gdc.description.volume 63
gdc.description.woscitationindex Science Citation Index Expanded - Conference Proceedings Citation Index - Science
gdc.description.wosquality Q1
gdc.identifier.openalex W2091476499
gdc.identifier.wos WOS:000342323900003
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gdc.oaire.keywords Control and Optimization
gdc.oaire.keywords Financial means
gdc.oaire.keywords Economics
gdc.oaire.keywords Applied Mathematics
gdc.oaire.keywords Management Science and Operations Research
gdc.oaire.keywords Reliability function under preventive maintenance
gdc.oaire.keywords Operational research
gdc.oaire.keywords Manufacturing services
gdc.oaire.popularity 2.848089E-9
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gdc.oaire.sciencefields 0211 other engineering and technologies
gdc.oaire.sciencefields 02 engineering and technology
gdc.oaire.sciencefields 0101 mathematics
gdc.oaire.sciencefields 01 natural sciences
gdc.openalex.collaboration International
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gdc.opencitations.count 5
gdc.plumx.mendeley 17
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gdc.publishedmonth Eylül
gdc.scopus.citedcount 11
gdc.virtual.author Kılıç, Erdem
gdc.wos.citedcount 9
gdc.wos.collaboration Uluslararası işbirliği ile yapılan - EVET
gdc.wos.documenttype Article; Proceedings Paper
gdc.wos.indexdate 2014
gdc.wos.publishedmonth Aralık
gdc.yokperiod YÖK - 2014-15
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