Analyzing manufacturer and the insurance-based risk mitigration policy with equipment service contracting
Analyzing manufacturer and the insurance-based risk mitigration policy with equipment service contracting
复制标题
分析制造商和基于设备服务承包的基于保险的风险缓解政策
DOI:
10.1080/17517575.2018.1527043
复制
发表时间:
2018
影响因子:
4.4
通讯作者:
C.H.Wu
中科院分区:
文献类型:
--
作者:
Xuwei Qin;Zhong-Zhong Jiang;W.H.lp;Ying Sheng;C.H.Wu
Manufacturing are recently investing in performance provision for customers focusing on equipment availability. However, performance-based contracts (PBC) between them suffer from the risks of downtime, opportunistic behavior, financial distress etc. We study the PBC strategy considering insurance-based risk mitigation policy. The service process with increasing failure rate is focused on where manufacturers decide to repair and replace by the equipment retirement age. The business interruption (BI) insurance is jointly purchased. Results show that insurance and PBC incentive exist partial substitutes and interactions. BI insurance not only mitigates PBC-induced risks but also provides a feasible way for improving the usage.