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ID 15351
file
creator
Rinsaka, Koichiro
Sandoh, Hiroaki
subject
Warranty Contract
Expected profit
Expected utility
Optimal strategy
Replacement
NDC
Information science
abstract
In general, a newly purchased item or system is warranted for a specific period. When the system fails during the warranty period, it is repaired free of charge. Even if the system is repairable, there exist some warranty services under which the manufacturer replaces the failed system during the warranty period. This study considers a case where a manufacturer offers an additional warranty service under which the failed system is replaced by a new one for its first failure, but minimal repairs are carried out to the system for its succeeding failures before the warranty expires. In this paper, we propose a mathematical model for setting a suitable charge of such an additional warranty service. Numerical examples assuming a personal computer are also presented.
journal title
Computers and Mathematics with Applications
volume
Volume 51
issue
Issue 2
start page
179
end page
188
date of issued
2006
publisher
Elsevier, Co.Ltd.
date of created
2006
issn
0898-1221
ncid
publisher doi
language
eng
nii type
Journal Article
HU type
Journal Articles
DCMI type
text
format
application/pdf
text version
author
rights
Copyright (c) 2006 Elsevier Ltd
relation is version of URL
http://dx.doi.org/10.1016/j.camwa.2005.11.024
department
Graduate School of Engineering