School of Economics and Management, Anhui Radio & TV University, 398 Tongcheng Rd, Hefei, 230022, China
With the progress of technology and people's awareness of environmental protection, more and more used equipment flows into the market. But the lessee is most concerned about the functionality and reliability of the equipment, because fault downtime and repair will lead to the loss of production.
In order to solve this problem, we propose a maintenance scheme for the used equipment using fixed failure rate reduction method.
An efficient enumeration algorithm is given to derive the optimal PM policy.
In case study, the proposed policy is compared with the performance of other approach through examples.
Numerical examples illustrate that the proposed maintenance strategy is practical and it can provide effective decision support for leasing company.
Keywords: Preventive maintenance, Minimal repair, Used equipment, Lease contract.
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* Address correspondence to this author at the School of Economics and Management, Anhui Radio & TV University, 398 Tongcheng Rd, Hefei, 230022, China; Tel: 13721054899, 13339011752; E-mail: email@example.com