The quality loss function assumes a fixed target and only accounts for immediate issues within manufacturing facilities whereas warranty loss occurs during customer use. Based on the two independent variables, product performance and consumers’ expectation, a methodology to predict the probability of customer complaint is presented in this paper. The formulation presented will serve as a basic ...

We are concerned with the relay selection in a decode-and-forward cooperative network to minimize the bit error rate (BER) in a radio cell. This problem can be solved using maximum weighted (MW) matching algorithm, greedy matching algorithm or worst-link-first (WLF) matching algorithm. Among the algorithms, WLF matching algorithm has achieved much attention for its being less complex while the ...

Warranty is a powerful implement for marketing strategy that is used by manufacturersand creates satisfaction for consumers by ensuring to compensate for incorrect operation of the product. Warranty serviceresults ina cost named warranty cost for a manufacturer.This cost is a function of warranty policy, regions, and product failures pattern. Since this service coversthe cost of uncertain failu...

This experiment evaluated temperament, vaginal temperature, and plasma cortisol in beef cows from wolf-naïve and wolf-experienced origins that were subjected to a simulated wolf encounter. Multiparous, pregnant, nonlactating Angus-crossbreed cows from the Eastern Oregon Agricultural Research Center located near Burns, OR (CON; n = 50), and from a commercial operation near Council, ID (WLF; n = ...

In many companies, warranty management functions are handled in isolation without the necessary focus on analyzing the impact of each function on discrete value chain functions such as manufacturing, quality, and services. In many such companies, the warranty management function is fragmented across financials, product design, manufacturing, quality and reliability, service chain, sales, and ma...

Abstract: In recent decades, high profits of extended warranty have caused that third-party firms consider it as a lucrative after-sales service. However, customers division in terms of risk aversion and effect of offering extended warranty on manufacturers’ basic warranty should be investigated through adjusting such services. Since risk-averse customers welcome extended warranty, while the cu...

The objective of this paper is to understand the drivers of consumer choice under risk. We disentangle and study the relative importance of di erent preferences in explaining the high risk premia consumers pay for actuarially unfair insurance. Empirical and behavioral research on insurance is at odds on whether diminishing returns (curvature of the utility function), or loss aversion and non-li...

Recently, El-Sherpieny et al (2020) suggested Type -II hybrid censoring method for parametric estimation of Lomax distribution (LD) without due regards being given to the choice priors and posterior risk associated with model. This paper fills this gap derived new LDmodel minimum posterior risk for selection priors. It derives a closed form expression Bayes estimates risks using Square error lo...