Health monitoring based liability

Author

Rundle, Peter ; Ning, Yan ; Pecht, Michael

Author_Institution

Rundle Law Corp., Irvine, CA, USA

fYear

2012

fDate

23-25 May 2012

Firstpage

1

Lastpage

4

Abstract

PHM has the potential to drive future warranty strategies for companies to increase their competitive advantage. PHM methods are able to prevent a system from degrading by isolating it from inappropriate conditions or failing parts. PHM will permit companies to offer longer warranties at lower prices, which can further enable lifetime warranties in industry. Availability-based warranties can be implemented with the adoption of PHM, which will guarantee the availability of a system or a fleet and reduce life cycle costs. Reliability evaluation through PHM will enable flexible extended warranties and bring various benefits for both warranty providers and customers.

Keywords

condition monitoring; life cycle costing; reliability; warranties; PHM methods; availability-based warranties; competitive advantage; health management; health monitoring based liability; industry; life cycle costs; lifetime warranties; prognostics; reliability evaluation; Acceleration; Humans; Prognostics and health management; Reliability; Standards; Warranties; warranty strategies;

fLanguage

English

Publisher

ieee

Conference_Titel

Prognostics and System Health Management (PHM), 2012 IEEE Conference on

Conference_Location

Beijing

ISSN

2166-563X

Print_ISBN

978-1-4577-1909-7

Electronic_ISBN

2166-563X

Type

conf

DOI

10.1109/PHM.2012.6228769

Filename

6228769