Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.11779/607
Title: | A value-adding approach to reliability under preventive maintenance costs and its applications | Authors: | Kılıç, Erdem Ali, Sadia Samar Weber, Gerhard Wilhelm Dubey, Rameshwar |
Keywords: | Reliability function under preventive maintenance Financial means Operational research Manufacturing services Economics |
Source: | 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. | 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. | URI: | https://hdl.handle.net/20.500.11779/607 http://dx.doi.org/10.1080/02331934.2014.917301 |
ISSN: | 0233-1934 1029-4945 |
Appears in Collections: | Ekonomi Bölümü Koleksiyonu Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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WOS000342323900003.pdf Until 2089-02-14 | Yayıncı Sürümü - Makale | 504.92 kB | Adobe PDF | View/Open Request a copy |
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