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Nash Game Theory Leasing Contract Model of New and Recondition Complex Equipment

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iMEC-APCOMS 2019 (iMEC-APCOMS 2019)

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

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Abstract

Complex condition of equipment maintenance lead many companies today considers outsourcing maintenance activities either to original equipment (OEM) or third-party maintenance company (agent). Objective of this research is to simultaneously consider two maintenance policies from perspectives of equipment lessor and lessee. The lessor offers two choices of equipment: (i) new equipment and (ii) reconditioned equipment. Lessee is going to compare these two options to maximize total profit. Nash game theory is applied to derive decision from both perspectives.

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References

  1. Jaturonnatee, J., Murthy, D.N.P., Boondiskulchok, R.: Optimal preventive maintenance of leased equipment with corrective minimal repairs. Eur. J. Oper. Res. 174, 201–215 (2006)

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Author information

Authors and Affiliations

  1. Industrial Engineering and Management Post Graduate Program, Faculty of Industrial Technology, Bandung Institute of Technology, Bandung, Indonesia

    Mochamad Azka Harish, Andi Cakravastia & Bermawi P. Iskandar

Authors
  1. Mochamad Azka Harish
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  2. Andi Cakravastia
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  3. Bermawi P. Iskandar
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Corresponding author

Correspondence to Andi Cakravastia .

Editor information

Editors and Affiliations

  1. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Muhammed Nafis Osman Zahid

  2. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Radhiyah Abd. Aziz

  3. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Ahmad Razlan Yusoff

  4. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Nafrizuan Mat Yahya

  5. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Fazilah Abdul Aziz

  6. Faculty of Manufacturing Engineering, Universiti Malaysia Pahang, Pekan, Pahang, Malaysia

    Mohd Yazid Abu

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Harish, M.A., Cakravastia, A., Iskandar, B.P. (2020). Nash Game Theory Leasing Contract Model of New and Recondition Complex Equipment. In: Osman Zahid, M., Abd. Aziz, R., Yusoff, A., Mat Yahya, N., Abdul Aziz, F., Yazid Abu, M. (eds) iMEC-APCOMS 2019. iMEC-APCOMS 2019. Lecture Notes in Mechanical Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-15-0950-6_54

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  • DOI: https://doi.org/10.1007/978-981-15-0950-6_54

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-15-0949-0

  • Online ISBN: 978-981-15-0950-6

  • eBook Packages: EngineeringEngineering (R0)

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