The University of Queensland
Department of Mechanical Engineering

Seminar


Stochastic Models on Product Service


Ezzatollah Asgharizadeh
Date: 23rd August 1996
Time: 10am
Room: 45-104
Abstract:

There is a growing trend to out source maintenance where machine failures are rectified by an external agent under service contract. The agent's profit is influenced by many factors--the price of contract, customer attitudes, machine failures, the number of service channels and the number of customers being serviced. We have developed 3 stochastic models to study the impact of these factors on the agent's expected profit and the agent's optimal decisions using a game theoretic formulation.