Analyzing manufacturer and the insurance-based risk mitigation policy with equipment service contracting

被引：6
|
作者：
Qin, Xuwei [1 ,2 ]
Jiang, Zhong-Zhong [1 ,2 ]
Ip, W. H. [3 ,4 ]
Sheng, Ying [5 ]
Wu, C. H. [6 ]
机构：
[1] Northeastern Univ, Sch Business Adm, Shenyang 110169, Liaoning, Peoples R China
[2] Northeastern Univ, Inst Behav & Serv Operat Management, Shenyang, Liaoning, Peoples R China
[3] Hong Kong Polytech Univ, Dept Ind & Syst Engn, Hong Kong, Hong Kong, Peoples R China
[4] Univ Saskatchewan, Dept Mech Engn, Saskatoon, SK, Canada
[5] Northeastern Univ, Coll Sci, Shenyang, Liaoning, Peoples R China
[6] Hang Seng Management Coll, Dept Supply Chain & Informat Management, Hong Kong, Hong Kong, Peoples R China
来源：
ENTERPRISE INFORMATION SYSTEMS | 2018年 / 12卷 / 10期
基金：
中国国家自然科学基金;
关键词：
Performance-based contracting; business interruption insurance; risk management; manufacturing servitisation; PRODUCT RELIABILITY; DISRUPTION RISK; MAINTENANCE; SYSTEMS; COORDINATION; RESTORATION; MANAGEMENT; INVENTORY; DESIGN;
D O I：
10.1080/17517575.2018.1527043
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
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 life.
引用
收藏
页码：1359 / 1381
页数：23
相关论文
共 50 条
  • [21] Analyzing glacial lake outburst flood triggers for sustainable disaster risk mitigation: an interpretive structural modelling based approach
    Trivedi, Ashish
    Chauhan, Ankur
    Singh, Surya Prakash
    [J]. MANAGEMENT OF ENVIRONMENTAL QUALITY, 2021, 32 (06) : 1284 - 1297
  • [22] The impact of community-based health insurance on health service utilization and financial risk protection in Ethiopia
    Alemayehu, Yibeltal Kiflie
    Dessie, Ermias
    Medhin, Girmay
    Birhanu, Negalign
    Hotchkiss, David R.
    Teklu, Alula M.
    Kiros, Mizan
    [J]. BMC HEALTH SERVICES RESEARCH, 2023, 23 (01)
  • [23] The impact of community-based health insurance on health service utilization and financial risk protection in Ethiopia
    Yibeltal Kiflie Alemayehu
    Ermias Dessie
    Girmay Medhin
    Negalign Birhanu
    David R. Hotchkiss
    Alula M. Teklu
    Mizan Kiros
    [J]. BMC Health Services Research, 23
  • [24] Risk-based decision making method for maintenance policy selection of thermal power plant equipment
    Carazas, F. G.
    Souza, G. F. M.
    [J]. ENERGY, 2010, 35 (02) : 964 - 975
  • [25] Energy performance contracting, risk factors, and policy implications: Identification and analysis of risks based on the best-worst network method
    Wang, Zhenfeng
    Xu, Guangyin
    Lin, Ruojue
    Wang, Heng
    Ren, Jingzheng
    [J]. ENERGY, 2019, 170 : 1 - 13
  • [26] Population Prevalence, Cancer Risk, and Mortality Risk of Turner Syndrome in South Korean Women Based on National Health Insurance Service Data
    Kim, Sung Eun
    Park, Sang Hyun
    Han, Kyungdo
    Cho, Won Kyoung
    Suh, Byung-Kyu
    Park, Yong-Gyu
    [J]. YONSEI MEDICAL JOURNAL, 2022, 63 (11) : 991 - 998
  • [27] Risk Identification, Evaluation and Mitigation in Spare Parts Purchasing Based on the Research of Spare Parts Purchasing Risk of Shanghai Bao Steel Equipment Maintenance Co, LTD
    Ning Zhong
    Xu Xun
    [J]. 2009 IEEE INTERNATIONAL CONFERENCE ON AUTOMATION AND LOGISTICS ( ICAL 2009), VOLS 1-3, 2009, : 1837 - 1842
  • [28] Promoting Low-Risk Fire Regimes: An Agent-Based Model to Explore Wildfire Mitigation Policy Options
    Ribeiro, Paulo Flores
    Moreira, Francisco
    Canadas, Maria Joao
    Novais, Ana
    Leal, Miguel
    Oliveira, Sandra
    Bergonse, Rafaello
    Zezere, Jose Luis
    Santos, Jose Lima
    [J]. FIRE-SWITZERLAND, 2023, 6 (03):
  • [29] Risk factors for Bell's palsy based on the Korean National Health Insurance Service National Sample Cohort data
    Jeong, Junhui
    Yoon, So Ra
    Lim, Hyunsun
    Oh, Jangwon
    Choi, Hyun Seung
    [J]. SCIENTIFIC REPORTS, 2021, 11 (01)
  • [30] Risk factors for Bell’s palsy based on the Korean National Health Insurance Service National Sample Cohort data
    Junhui Jeong
    So Ra Yoon
    Hyunsun Lim
    Jangwon Oh
    Hyun Seung Choi
    [J]. Scientific Reports, 11
12345