On Renewing Warranty Cost Analysis Using Quasi-renewal Processes
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چکیده
Amongst the many approaches in modelling deteriorating systems with product warranty, renewing warranty has found favor in designing such systems. In this chapter our attention is focused on renewing warranty policy modelled using quasi-renewal inter repair times. With the basic classification of warranty policies viewed in the previous chapters, the warranties are further categorized as renewing and non-renewing warranty. In general, under renewing warranty, if a product fails within the warranty time, it is replaced and a new warranty is issued. In effect, the warranty begins anew with each replacement. Renewing warranties are generally applied for relatively inexpensive electrical and mechanical products and also for the products with an initially high failure rate.
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