Optimization of Extended Warranty Cost for Multi-Component Products with Failure Interaction

In practice, the assumption of failure independence between components is seldom valid, especially for those complex systems with complicated failure mechanism. Users can decide whether to purchase extended warranty (EW) at the end of basic warranty, and there are many factors that influence this de...

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Bibliographic Details
Main Authors: Rongcai Wang, Enzhi Dong, Zhonghua Cheng, Liqing Rong, Qian Wang
Format: Article
Language:English
Published: Hindawi Limited 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/5564740