This paper addresses the problem related to the adoption of an extended warranty period for randomly failing products sold under warranty. The possibility of buying an extended warranty for a given additional cost is often offered to the buyer by the manufacturer. The buyer has then to decide to take the extended warranty or not when purchasing the product. We develop in this paper a mathematic...

A Summary Service plans are a type of warranty contract under which retailers promise to repair or replace products for consumers. Separate from manufacturers' warranty policies, which typically come bundled with the products, and also known as service contracts, protection plans, or retailer extended warranties, retailers' service plans are optional and usually offer broader and more prolonged...

In this paper we consider the problem of minimizing the costs of outsourcing warranty repairs when failed items are dynamically routed to one of several service vendors. In our model, the manufacturer incurs a repair cost each time an item needs repair and also incurs a goodwill cost while an item is awaiting and undergoing repair. For a large manufacturer with annual warranty costs in the tens...

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...

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...

Warranty service providers usually provide homogeneous warranty to improve consumer satisfaction and market share. Considering the difference of consumers, some scholars have carried out studies on maintenance strategies, pricing, payment method, claim behaviour cost analysis in recent years. However, few focused differentiated coverage that considers usage rate option consumers. On basis previ...