Defects in the home cause inconvenience to homeowners and loss developer or builder due cost damage reputation. A warranty deposit exists protect consumers from defects. However, it is unclear how much costs repair a defect whether standard for calculating reasonable. This study analyzed litigation details of 290 complexes Korea investigate factors affecting them. According analysis results, wa...

The paper studies the optimal production run length for a deteriorating production system. The optimal warranty cost is determined by a balance between the warranty cost of the manufacturer and the buyer during its warranty period. It is assumed that the elapsed time until the production process shift is age dependent and arbitrarily distributed. The objective is to minimize the total cost per ...

When product quality is unobservable to consumers, a manufacturer can convey the quality information using signals such as warranty and brand reputation. This paper develops a noncooperative duopoly model to study the interaction between warranty, brand reputation and product quality. Two competing manufacturers offer warranties on their respective product with different qualities, which is uno...

Forecasting warranty claims for recently launched products that have short histories of claim records is vitally important for manufacturers in preparing their fiscal plans. Since the amount of historical claim data for such products is not large enough, developing forecasting models with good performance has been a difficult problem. The objective of this paper is to develop an algorithm for f...

Abstract This paper aims to classify and assess the impact of charter party clauses against contractual terms marine insurance contracts. Initially, a term may be classified as condition, warranty, or an innominate when nature clause is not yet classified. Based on this classification, effectiveness those available remedies vary significantly upon dispute termination. Specifically, classificati...

Usually the warranty data response used to make predictions of future failures is the number of weeks (or another unit of real time) in service. Use-rate information usually is not available (automobile warranty data are an exception, where both weeks in service and number of miles driven are available for units returned for warranty repair). With new technology, however, sensors and smart chip...