Optimization of Extended Warranty Cost for Multi-Component Products with Failure Interaction

Warranty cost analysis for nonrepairable services products

Many services products are installed in a complex system that is operated only when the entire system is completed. The time from their installation to commissioning, called a dormant state in this paper, may take several years for systems such as complete buildings or aircraft. Warranties for the products may cover the time starting from their installation to a certain time. Warranty cost on r...

Warranty Cost Analysis for Second-Hand Products

For second-hand products sold with warranty, the expected warranty cost for an item to the manufacturer, depends on (i) the age and/or usage as well as the maintenance history for the item and (ii) the terms of the warranty policy. The paper develops probabilistic models to compute the expected warranty cost to the manufacturer when the items are sold with free replacement or pro rata warrantie...

Warranty Cost Analysis for Second-hand Products Using Bivariate Approach

5.1 INTRODUCTION Up to now, warranty cost models for new products have been analyzed. In view of the present day market, customers are more attracted towards the secondhand products. Thus the present and the succeeding chapters of this thesis focus on analyzing the secondhand products by providing two-dimensional warranty for such products. A two-dimensional warranty policy is characterized by ...

Warranty Period and Product Price Optimization for Remanufactured Products

Comparative studies of three types of products (remanufacturing, refurbished and new products) on warranty cost and profitability

Employing remanufactured and refurbished products are among the new strategies that companies used to raise their profits as well as protects environment. Although used product equipment gives an opportunity to purchase latest technology, customers are doubtful about quality and reliability of these products. Because of limitation that developing countries faces in buying new products, some cou...