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Periodical Preventive-Maintenance Contract for a Leased Facility with Weibull Life-Time

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Abstract

This paper develops a mathematical model to derive the optimal periodical preventive maintenance (PM) policy for a leased facility with Weibull life-time. Within a lease period, any failures of the facility are rectified by minimal repairs and a penalty may occur to the lessor when the time required to perform a minimal repair exceeds a reasonable time limit. To reduce failures of the facility, additional PM actions are carried out periodically during the lease period. When the life-time distribution of a product is Weibull, the optimal number of PM actions and the corresponding maintenance degrees are derived such that the expected total maintenance cost is minimized. The structural properties of the optimal policy are investigated and an efficient algorithm is provided to search for the optimal policy. Finally, numerical examples are provided to illustrate the features of the proposed model.

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Authors and Affiliations

  1. Department of Industrial Management, National Taiwan University of Science and Technology, Taiwan

    Ruey Huei Yeh

  2. Department of Information Management, National Taiwan University of Science and Technology, 43, Keelung Rd., Section 4, Taipei, Taiwan

    Cheng-Kang Chen

Authors
  1. Ruey Huei Yeh
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  2. Cheng-Kang Chen
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Correspondence to Cheng-Kang Chen.

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Yeh, R.H., Chen, CK. Periodical Preventive-Maintenance Contract for a Leased Facility with Weibull Life-Time. Qual Quant 40, 303–313 (2006). https://doi.org/10.1007/s11135-005-8095-2

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  • DOI: https://doi.org/10.1007/s11135-005-8095-2

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