Stocks of spare parts, located at appropriate locations, can prevent long downtimes of
technical systems that are used in the primary processes of their users. Since such …

In a multi-component system, the assumption of failure independence among components is
seldom valid, especially for those complex systems with complicated failure mechanism. For …

This paper extends the extant literature to consider that the selling price of the product sold
with warranty policy is a function of the length of the warranty period for an imperfect …

When stopping production, the manufacturer has to decide on the lot size in the final
production run to cover spare part demand during the end-of-life phase. This decision can …

In the business world, product warranty and insurance plays an important role by increasing
the demand of the product to maximizing the average profit or minimizing the average cost in …

Abstract Original Equipment Manufacturers (OEM's) of advanced capital goods often offer
service contracts for system support to their customers, for which spare parts are needed …

In order to provide high service levels, companies competing in the electronics
manufacturing sector need to ensure the availability of spare parts for repair and …

We develop an analytical real-option solution to the after-tax optimal timing boundary for a
replaceable asset whose operating cost and salvage value deteriorate stochastically. We …

Reliable prediction of spare parts is one of the most prevailing challenges for the
manufacturing industry and equipment owners, which acts as a double-edged sword. If the …

When a product enters the end phase of its life cycle, certain parts become obsolete and
their supply is discontinued permanently. However, the manufacturer must still maintain …