A note on optimal price, warranty length and production rate for free replacement policy in static demand markets

Sina Faridimehr and Seyed Taghi Akhavan Niaki

Omega, 2012, vol. 40, issue 6, 805-806

Abstract: This note provides some extensions on optimal policies on price, warranty length and production rate proposed by Wu et al. (2009) [1] (Wu, C.C.; Chou, C.Y.; Huang C. Optimal price, warranty length and production rate for free replacement policy in the static demand market. Omega 2009; 37: 29–39.) More specifically, the assumptions of the original paper is extended in this note from the production rate being positive and the second derivative of the demand function with respect to price and warranty-length being negative to no restrictions on both.

Keywords: Free renewal; Price; Production rate; Warranty length; Weibull distribution (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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DOI: 10.1016/j.omega.2011.12.009

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