OPTIMAL MAINTENANCE SERVICE CONTRACT FOR REPAIRABLE EQUIPMENT INVOLVING THREE PARTIES – MANUFACTURER, AGENT AND CUSTOMEROptimal Maintenance Service Contract • May 11th, 2017
It is assumed that all failures are fixed by a minimal repair so that the repair does not affect the intensity function. As a result, failures in (0, L) follow a Non Homogeneous Poisson Process (NHPP) with intensity function r(t). r(t) is an increasing function of
