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Extended Warranties, Maintenance Service and Lease Contracts : Modeling and Analysis for Decision-Making.

Author: D N Prabhakar Murthy; Nat Jack
Publisher: Dordrecht : Springer, 2014.
Series: Springer series in reliability engineering.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Serving to unify the existing literature on extended warranties, maintenance service contracts and lease contracts, this book also presents a unique perspective on the topic focussed on cost analysis and decision-making from the perspectives of the parties involved. Using a game theoretic approach together with mathematical modelling, results are presented in an integrated manner with key topics that require further  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Murthy, D.N. Prabhakar.
Extended Warranties, Maintenance Service and Lease Contracts : Modeling and Analysis for Decision-Making.
Dordrecht : Springer, ©2014
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: D N Prabhakar Murthy; Nat Jack
ISBN: 9781447164401 1447164407
OCLC Number: 882769705
Notes: 3.2.4 Classification of Maintenance Models.
Description: 1 online resource (405 pages).
Contents: Preface; Contents; Acronyms; 1 Introduction; 1.1 ... Introduction; 1.2 ... System Classification and Decomposition; 1.2.1 Products; 1.2.2 Plants; 1.2.3 Infrastructures; 1.2.4 System Decomposition; 1.2.5 Some Examples; 1.3 ... System Performance; 1.3.1 Performance Degradation and Failure; 1.3.2 Consequences of Failures; 1.3.3 Performance Measures; 1.3.3.1 Reliability-Related Performance Measures; 1.3.3.2 Non-Reliability-Related Performance Measures; 1.4 ... Maintenance; 1.4.1 Maintenance Outsourcing; 1.5 ... Extended Warranties and Maintenance Service Contracts; 1.5.1 Base Warranties; 1.5.2 Extended Warranties. 1.5.3 Maintenance Service Contracts1.6 ... Lease Contracts; 1.7 ... Decision Problems; 1.7.1 Extended Warranty/Maintenance Service Contract; 1.7.1.1 Ownerrsquors Perspective; 1.7.1.2 Service Providerrsquors Perspective; 1.7.2 Lease Contract; 1.7.2.1 Lesseersquors Perspective; 1.7.2.2 Lessorrsquors Perspective; 1.8 ... Framework and Approach; 1.8.1 Systems Approach; 1.8.2 Game Theory; 1.8.3 Agency Theory; 1.9 ... Scope and Focus of the Book; 1.10 ... Structure and Outline of the Book; Reference; Part IBackground Material; 2 System Degradation and Maintenance; 2.1 ... Introduction; 2.2 ... System Life Cycle. 2.2.1 Products2.2.1.1 Manufacturer Perspective; 2.2.1.2 Customer Perspective; 2.2.2 Plants and Infrastructures; 2.2.2.1 Builder Perspective; 2.2.2.2 Owner Perspective; 2.2.3 Salvage Value; 2.3 ... Characterisation of System Performance; 2.3.1 Characterisation of Component State; 2.3.1.1 Characterisation 1 (Binary); 2.3.1.2 Characterisation 2 (Finite Number of Levels); 2.3.1.3 Characterisation 3 (Infinite Number of Levels); 2.3.2 Characterisation of Product (Plant) State; 2.3.2.1 Fault Tree Analysis; 2.3.2.2 Multiunit Plants and Service Facilities; 2.3.2.3 Fleet. 2.3.3 Characterisation of Infrastructure State2.3.3.1 Road Infrastructure; 2.4 ... Reliability; 2.4.1 Linking Product and Component Reliabilities; 2.4.1.1 Reliability Block Diagram; 2.4.1.2 Structure Function; 2.4.2 PLC Perspective: Different Notions of Reliability; 2.4.2.1 Design Reliability; 2.4.2.2 Inherent Reliability; 2.4.2.3 Reliability at Sale; 2.4.2.4 Field Reliability; 2.5 ... Maintenance of Products and Plants; 2.5.1 Corrective Maintenance; 2.5.1.1 Classification of CM Actions; 2.5.1.2 Repair Time; 2.5.1.3 Repair versus Replace; 2.5.2 Preventive Maintenance. 2.5.2.1 Classification of PM Actions2.5.2.2 Time for PM Action; 2.5.3 Maintenance Costs; 2.5.3.1 Direct Costs; 2.5.3.2 Indirect Costs; 2.5.4 Some Maintenance Policies; 2.5.4.1 Maintenance of Products; 2.5.4.2 Maintenance of Plants; 2.5.5 Fleet Maintenance; 2.5.5.1 Group Maintenance Policies; 2.5.5.2 Opportunistic Maintenance Policies; 2.6 ... Maintenance of Infrastructures; 2.6.1 Road Infrastructure; References; 3 Modelling and Analysis of Degradation and Maintenance; 3.1 ... Introduction; 3.2 ... Models and Modelling Process; 3.2.1 Models; 3.2.2 Modelling Process; 3.2.3 Black-Box Approach to Modelling.
Series Title: Springer series in reliability engineering.

Abstract:

Serving to unify the existing literature on extended warranties, maintenance service contracts and lease contracts, this book also presents a unique perspective on the topic focussed on cost analysis and decision-making from the perspectives of the parties involved. Using a game theoretic approach together with mathematical modelling, results are presented in an integrated manner with key topics that require further research highlighted in order to serve as a starting point for researchers (engineers and statisticians) who are interested in doing further work in these areas. Designed to assist p.

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