Preventive maintenance policy on leasing by considering the usage rate
The needs of the consumers about the functionality of a product and increase maintenance costs of equipment caused the prices of products and treatments to be expensive. Therefore, the company considers the lease rather than buy it. Leasing provides interesting strategy when dealing with expensive e...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2018-01-01
|
| Series: | MATEC Web of Conferences |
| Online Access: | https://doi.org/10.1051/matecconf/201820402016 |
| Summary: | The needs of the consumers about the functionality of a product and increase maintenance costs of equipment caused the prices of products and treatments to be expensive. Therefore, the company considers the lease rather than buy it. Leasing provides interesting strategy when dealing with expensive equipment. Policy maintenance that is done to the product that has decreased performance. Minimum repair done to fix failed equipment in order to return to operational condition, while imperfect preventive maintenance to improve the operational conditions of the equipment to avoid failure. Time duration for a minimum repair neglected. The lessor will charge a penalty (penalty cost) if the lease equipment failure. Mathematical model built for the minimization cost of maintenance policy. In the final part, the numerical experiment are given to show the maintenance policy taking into account the rate of usage (usage rate) by knowing the minimization the resulting costs. |
|---|---|
| ISSN: | 2261-236X |