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The failure processes of repairable systems may be impacted by operational and environmental stress factors. To accommodate such factors, reliability can be modelled using a multiplicative intensity function. In the proportional intensity model, the failure intensity is the product of the...
Persistent link: https://www.econbiz.de/10011209343
Copulas offer a useful tool in modelling the dependence among random variables. In the literature, most of the existing copulas are symmetric while data collected from the real world may exhibit asymmetric nature. This necessitates developing asymmetric copulas that can model such data. In the...
Persistent link: https://www.econbiz.de/10010785315
In practical warranty services management, faults may not always be found in claimed items by warranty service agents, which is the well-known no-fault found phenomenon (for example, caused by a loose connection between parts, or simply human error). This phenomenon can contribute more than 40%...
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In reliability engineering, component importance measures are used to prioritise components in a system for purposes such as reliability improvement and maintenance planning. Existing importance measures have paid little attention to the costs incurred by maintaining a system and its components...
Persistent link: https://www.econbiz.de/10010595000
This paper analyses the life cycle cost of equipment protected by both base and extended warranty policies from a consumer's perspective. We assume that the equipment has two types of failure: minor and catastrophic. A minor failure can be corrected with minimal repair whereas a catastrophic...
Persistent link: https://www.econbiz.de/10008869612
Batteries are one of the most important components in many mechatronics systems, as they supply power to the systems and their failures may lead to reduced performance or even catastrophic results. Therefore, the prediction analysis of remaining useful life (RUL) of batteries is very important....
Persistent link: https://www.econbiz.de/10010676119
Forecasting the number of warranty claims is vitally important for manufacturers/warranty providers in preparing fiscal plans. In existing literature, a number of techniques such as log-linear Poisson models, Kalman filter, time series models, and artificial neural network models have been...
Persistent link: https://www.econbiz.de/10009018732