Most companies seek efficient rectification strategies to keep their warranty related costs under control. This study develops and investigates different repair strategies for oneand two-dimensional warranties with the objective of minimizing manufacturer’s expected warranty cost. Static, improved and dynamic repair strategies are proposed and analyzed under different warranty structures. Numer...

Lifetime warranties is becoming popular as they provide assurance to buyer for longer reliable service and greater customer peace of mind for the whole life of the product. By offering a lifetime warranty, both the manufacturer and the buyer are exposed to uncertainties and risks of warranty pricing and product performance during the lifetime of the product. This paper analyses the sensitivity ...

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...

This paper addresses the problem of durable goods manufacturers in an oligopoly seeking optimal values for three decision variables: product warranty, reliability and price. Each ®rm seeks a warranty-reliability-price combination that maximizes expected pro®t subject to quite general constraints on the ®rm's decision variables. Warranty serves as a signal of product reliability, which is not ob...

It is observed that in India for all types of two wheeler vehicles, warranty offered is Free Replacement Warranty (FRW) policy. Present paper deals primarily with the cost analysis of warranty being given on different types of two wheeler vehicles, in India. Under the existing cost set up, a new warranty model, which involves an initial FR period, followed by the Pro Rata period, has been devel...