✦ LIBER ✦

Stochastic modeling for computational warranty analysis

✍ Scribed by M.A. Wortman; Debra A. Elkins

Publisher: John Wiley and Sons
Year: 2005
Tongue: English
Weight: 305 KB
Volume: 52
Category: Article
ISSN: 0894-069X
DOI: 10.1002/nav.20062

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

We examine two key stochastic processes of interest for warranty modeling: (1) remaining total warranty coverage time exposure and (2) warranty load (total items under warranty at time t). Integral equations suitable for numerical computation are developed to yield probability law for these warranty measures. These two warranty measures permit warranty managers to better understand time‐dependent warranty behavior, and thus better manage warranty cash reserves. © 2005 Wiley Periodicals, Inc. Naval Research Logistics, 2005.

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