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ANALYSIS OF WARRANTY POLICIES
作者姓名:CHENG  Kan
作者单位:Institute of Applied Mathematics Academia Sinica,Beijing 100080,China
摘    要:1.IntroductionThedecisionforwarrantyperiodofaproductisrelatedtothebenefitsofbothsidesofmanufacturesandconsumers.Obviously,alongwarrantyperiodmayreduceproducer'sprofits.However,shortwarrantyperiodwillputtheproducersinabadcompetitionposition.Therefore,thede…


ANALYSIS OF WARRANTY POLICIES
CHENG Kan.ANALYSIS OF WARRANTY POLICIES[J].Journal of Systems Science and Complexity,1997(1).
Authors:CHENG Kan
Abstract: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.
Keywords:Warranty policy  free-replacement warranty policy  pro-rata warranty policy  minimal repair  life classes
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