Residential College | false |
Status | 已發表Published |
Optimization and decision-making for a service contract on machine maintenance | |
LUO Zeyu1; YANG Zhixin1![]() ![]() ![]() | |
2024-12 | |
Source Publication | Operations Research and Decisions
![]() |
ISSN | 2081-8858 |
Volume | 34Issue:4Pages:89-101 |
Abstract | We investigate a novel maintenance service contract model. The service provider of the machine must determine the optimal pricing structure and staffing levels, while the client selects an appropriate plan for the warranty duration. We consider linear, quadratic, polynomial, and exponential pricing functions for three types of warranties. By building a service model with a non-cooperative game, we obtain the Nash equilibrium of the bargaining solution. Numerical analysis reveals that the optimal warranty period decreases monotonically with service provider revenue and increases monotonically with the maximum prospective service time. Additionally, the market size does not affect the ideal warranty duration when the machine’s lifetime is constant. |
Keyword | Service Contract Reliability Queueing System Optimization Game Theory |
Indexed By | ESCI |
WOS Research Area | Operations Research & Management Science |
WOS Subject | Operations Research & Management Science |
WOS ID | WOS:001383266300006 |
Publisher | WROCLAW UNIV SCIENCE & TECHNOLOGY, FAC MANAGEMENT, WYBRZEZE WYSPIANSKIEGO 27, WROCLAW 50-370, POLAND |
Scopus ID | 2-s2.0-85213029168 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ELECTROMECHANICAL ENGINEERING DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT |
Corresponding Author | LIAN ZHAOTONG |
Affiliation | 1.Faculty of Science and Technology, University of Macau, Macao 2.School of Mathematics and Statistics, Central South University, Hunan, Changsha, 410075, China 3.Faculty of Business Administration, University of Macau, Macao |
First Author Affilication | Faculty of Science and Technology |
Recommended Citation GB/T 7714 | LUO Zeyu,YANG Zhixin,WU Jinbiao,et al. Optimization and decision-making for a service contract on machine maintenance[J]. Operations Research and Decisions, 2024, 34(4), 89-101. |
APA | LUO Zeyu., YANG Zhixin., WU Jinbiao., & LIAN ZHAOTONG (2024). Optimization and decision-making for a service contract on machine maintenance. Operations Research and Decisions, 34(4), 89-101. |
MLA | LUO Zeyu,et al."Optimization and decision-making for a service contract on machine maintenance".Operations Research and Decisions 34.4(2024):89-101. |
Files in This Item: | Download All | |||||
File Name/Size | Publications | Version | Access | License | ||
LWYL_ORD20231031_202(531KB) | 期刊论文 | 作者接受稿 | 开放获取 | CC BY-NC-SA | View Download |
Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.
Edit Comment