Along with increasing the warranty period for complex systems, reducing the warranty servicing costs has become an issue of great importance to the manufacturers. One possible way to reduce the expected warranty servicing cost is by making sound decision on the product warranty and maintenance strategies. Therefore, warranties (basic warranty and extended warranty) and maintenance (corrective a...

Warranty is now an integral part of each product. Since its length is directly related to the cost of production, it should be set in such a way that it would maximize revenue generation and customers’ satisfaction. Furthermore, based on the behavior of customers, it is assumed that increasing the warranty period to earn the trust of more customers leads to more sales until the market is sat...

In this study, we deal with a model to study the effect of PM carried out by both parties on a repairable product sold under a non-renewing, free-repaired warranty policy. During the warranty period, the seller will repair the deteriorated but repairable product and charges no fee to the buyer. After the warranty period, the deteriorated product is also repaired by the seller but the buyer will...

In this study, by integrating preventive maintenance (PM) into a two-dimensional warranty region, with customized PM (2D PM) is proposed from the manufacturer’s perspective to reduce cost. The cost of 2D derived. tradeoff between and minimal repair saving obtained choosing proper reliability threshold number PMs, advantage illustrated. Second, post-warranty period, bivariate (BPWM) policy consu...

Modelling of deteriorating systems with preventive repair during warranty using geometric processes was carried out in the previous chapter. In this chapter the independent and identically distributed assumption of geometric processes is relaxed to assume only the independent successive inter arrival times. Surveying the literature, one is struck by the fact that there has been so little resear...

This paper provides a replacement policy for warranty products with different failure rate from the consumer’s viewpoint. Assume that the product is replaced once within a finite planning horizon, and the failure rate of the second product is lower than the failure rate of the first product. Within warranty period (WP), the failed product is corrected by minimal repair without any cost to the c...

In this article, by considering both a limited number of failure replacements and random working cycles as warranty terms, hybrid (HW) is designed from the manufacturer’s point view to warrant product that does successive projects at cycles. The cost produced HW derived analyzed. By defining warrants product, two types post-warranty replacement models are investigated consumer’s ensure reliabil...

This paper presents a model through which the cost associated with pavement warranty in performance based maintenance contracts are analyzed and quantified. Performance based maintenance contracts are eventually getting popular among the Highway agencies.These are long term pavement warranty contracts where the contractors are responsible for maintaining the pavement condition upto a certain sp...