Warranty cost analysis for second-hand products. (English) Zbl 1042.90539
Summary: 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.
MSC:
| 90B25 | Reliability, availability, maintenance, inspection in operations research |
References:
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