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ANALYSIS OF WARRANTY POLICIES

ANALYSIS OF WARRANTY POLICIES
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摘要 There are some warranty policies commonly used: (1) Free-replacement warranty policy (FRW). (2) Pro-rata warranty policy (PRW). (3) Combination policies. In this paper) a brief review of policies 1 and 2 as well as some new distribution properties of successive purchase times under the combination policies are given. In addition, a new warranty policy is suggested. Under this policy the failed item within free replacement period [0,W] is subjected to minimal repair. Under certain cost structure, the long run average cost of customers and the profit of producers are analyzed. Finally, some examples are given. There are some warranty policies commonly used: (1) Free-replacement warranty policy (FRW). (2) Pro-rata warranty policy (PRW). (3) Combination policies. In this paper) a brief review of policies 1 and 2 as well as some new distribution properties of successive purchase times under the combination policies are given. In addition, a new warranty policy is suggested. Under this policy the failed item within free replacement period [0,W] is subjected to minimal repair. Under certain cost structure, the long run average cost of customers and the profit of producers are analyzed. Finally, some examples are given.
出处 《Systems Science and Mathematical Sciences》 SCIE EI CSCD 1997年第1期50-60,共11页
关键词 WARRANTY POLICY free-replacement WARRANTY POLICY pro-rata WARRANTY POLICY MINIMAL repair life CLASSES Warranty policy, free-replacement warranty policy, pro-rata warranty policy,minimal repair, life classes
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