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Performance-based maintenance contract for equipments used in mining industry
Husniah H.a, Pasaribu U.S.b, Cakravastia A.b, Iskandar B.P.b
a Department of Industrial Engineering, Langlangbuana University, Bandung, Indonesia
b Department of Mathematics and Life Sience, Bandung Institute of Technology, Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2014 IEEE.In this paper, we study performance based maintenance contracts for dump trucks operated in a mining industry. The service contract is characterised by two dimensional limits – one limit representing age and the other limit usage. In a performance based service contract uses an attractive incentives to motivate the the agent to increase the equipment’s performance beyond the target, and this in turn gives benefit for both the owner of the trucks and the Agent of service contract. In this paper, we study performance based maintenance service contracts for equipment used in a mining industry and the equipment is sold with two dimensional warranties and the perfomances considered includes availability and safety measures. We consider a situation where an agent offers several service contract options and the owner of equipment has to select the optimal option. We obtain the optimal strategy (pricing structure) for the agent and the optimal option for the owner using a stackelberg game formulation in which the agent is as a leader and the owner as a follower.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Maintenance contracts,Optimal strategies,Performance based,Performance based maintenance,Performance-based contracts,Pricing structures,Stackelberg Games,Two-dimensional warranty[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Availability,maintenance contract,performance based contract,Stackelberg game theory[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text]https://doi.org/10.1109/ICMIT.2014.6942485[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]