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Warranty cost analysis for second-hand products

✍ Scribed by G.N Chattopadhyay; D.N.P Murthy

Publisher: Elsevier Science
Year: 2000
Tongue: English
Weight: 612 KB
Volume: 31
Category: Article
ISSN: 0895-7177
DOI: 10.1016/s0895-7177(00)00074-1

No coin nor oath required. For personal study only.

✦ Synopsis

For second-hand products sold with warranty, the expected warranty cost for an item to the manufacturer, depends on (i) the age and/or usage as well as the maintenance history for the item and (ii) the terms of the warranty policy. The paper develops probabilistic models to compute the expected warranty cost to the manufacturer when the items are sold with free replacement or pro rata warranties.

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