The cost of servicing a warranty depends, amongst other factors, on the type of repair performed under warranty. Although ‘‘all minimal repair’’ and ‘‘all replacement’’ policies are easy to implement and analyze, they are not always feasible and/or practical. Having a combination of different types of repair often leads to lower warranty servicing costs. In this article, to reduce the warranty ...

Prognostics and Health Management (PHM) is a methodology that permits the assessment of product reliability and the prediction of remaining useful life (RUL) under life-cycle conditions through continuous monitoring. This paper addressed a unique use of PHM for business warranties. PHM is able to help understand what went wrong quickly and exactly in a product. PHM will assist companies to make...

Type 2 diabetes mellitus is among the most powerful independent risk factors of the cardiovascular disease presence and is associated with a 3 to 5× higher cardiovascular event risk. This has long been recognized by the National Cholesterol Education Program report in the United States and European guidelines, both labeling type 2 diabetes mellitus a coronary artery disease (CAD) equivalent. Al...