Optimising age-replacement and extended non-renewing warranty policies in lifecycle costing
نویسندگان
چکیده
منابع مشابه
Optimising age-replacement and extended non- renewing warranty policies in lifecycle costing
This paper analyses life cycle cost for equipment protected by both base and extended warranty policies from a consumer’s perspective. We assume that the equipment have two types of failures: minor and catastrophic. A minor failure can be corrected by a minimal repair whereas a catastrophic failure can only be removed by a replacement. The equipment is assumed to be maintained at no charge to t...
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This paper presents the effects of salvage value on the optimal age-replacement policy for non-repairable products sold with a renewing free-replacement warranty (RFRW). Cost models from the customer’s perspective are developed for both warranted, and non-warranted products. The corresponding optimal replacement ages are derived such that the long-run expected cost rate is minimized. Under the ...
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In this study, a new warranty service strategy is proposed and analyzed. This strategy adds the renewing free-replacement warranty to a non-repairable product sold under the rebate warranty policy. According to the renewing free-replacement warranty, the seller (manufacturer) is responsible for replacing all failed product during the warranty period, and the warranty begins anew with each repla...
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Warranty is an important factor of marketing products; however, warranty always involves additional costs to the seller and these costs usually depend on product reliability. Burn-in is considered as a part of the production process in which the manufactured products are operated under accelerated stresses for a short time period before their release and has been applied as a way for enhancing ...
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Nowadays, offering extended warranty is considered as a lucrative source of income from the perspective of the after-sale service providers. Meanwhile, the main concern is presence or absence of base warranty and strategies adopted by the manufacturer during this period. Moreover, extended warranty structure must be responsive and customer oriented, which not only control the services cost but ...
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ژورنال
عنوان ژورنال: International Journal of Production Economics
سال: 2011
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2011.01.007