Joint Dynamic Optimization of Price and Two-Dimensional Warranty Policy

Warranty Period and Product Price Optimization for Remanufactured Products

Warranty Optimization in a Dynamic Environment

A product warranty is an agreement offered by a producer to a consumer to replace or repair a faulty item, or to partially or fully reimburse the consumer in the event of a failure. Warranties are very widespread and serve many purposes, including protection for producer, seller, and consumer. They are used as signals of quality and as elements of marketing strategies. In this study we review t...

Maintenance policies with two-dimensional warranty

A new maintenance policy which minimizes the total expected servicing cost for an item with two–dimensional warranty is proposed. An iterative procedure to estimate the item’s failure rate function from historical observations and an optimization algorithm based on Monte Carlo simulation are applied to obtain the best maintenance policy. Numerical examples and sensitivity analysis are presented.

Two-dimensional warranty for an End-of-Life derived products

This paper presents an approach to determine a two-dimensional warranty period for the components, materials and products derived from End-of-Life products to meet components, materials and products demands while minimizing the cost associated with warranty and maximizing the manufacturer’s profits.

Warranty Servicing with Imperfect Repair for Products Sold with a Two-Dimensional Warranty

In this paper, a new servicing strategy with imperfect repair is defined and studied for the manufacturer of a product sold with a two-dimensional warranty. The strategy is based on a specified region of the warranty defined in terms of age and usage, with the first failure in the region rectified by an imperfect repair and all other failures being minimally repaired. Product failures are model...