Optimal Service Contract Policies for Outsourcing Maintenance Service of Assets to the Service Providers

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Title Optimal Service Contract Policies for Outsourcing Maintenance Service of Assets to the Service Providers
Author Rahman, Anisur; Chattopadhyay, Gopinath
Journal Name International Journal of Reliability and Applications
Editor Professor Jae-Hak Lim
Year Published 2007
Place of publication Seoul, Korea
Publisher The Korean Reliability Society
Abstract There is a growing trend for asset intensive industries to outsource maintenance services of their complex assets since outsourcing through service contract reduces upfront investments in infrastructure, expertise and specialised maintenance facilities. Estimation of costs for such contracts is complex and it is important to the user and the service providers for economic variability. The service provider's profit is influenced by many factors such as the terms of the contract, reliability of asset, and the servicing strategies, costs of resources needed to carryout maintenance. There is a need to develop mathematical models for understanding future costs to build it into the contract price. Three policies for service contracts are proposed in this paper considering the concepts of outsourcing maintenance service of assets to the service providers. Conceptual models are developed for estimating servicing costs of outsourcing through service contracts by considering time dependent failure mode.
Peer Reviewed Yes
Published Yes
Alternative URI http://english.hallym.ac.kr/
Copyright Statement Copyright 2007 Korean Reliability Society (KORAS). Reproduced in accordance with the copyright policy of the publisher.
Volume 8
Issue Number 2
Page from 183
Page to 197
ISSN 1598-0073
Date Accessioned 2008-02-15
Date Available 2008-03-10T03:33:10Z
Language en_AU
Faculty Faculty of Science, Environment, Engineering and Technology
Subject Civil Engineering; Industrial Engineering
URI http://hdl.handle.net/10072/17234
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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