Warranty Economic Decision Models: A Summary and Some Suggested Directions for Future Research

Marlin U. Thomas and Sridevi S. Rao
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Marlin U. Thomas: School of Industrial Engineering, Purdue University, West Lafayette, Indiana 47907
Sridevi S. Rao: School of Industrial Engineering, Purdue University, West Lafayette, Indiana 47907

Operations Research, 1999, vol. 47, issue 6, 807-820

Abstract: Product guarantees or warranties have been around for generations, but formal approaches for establishing and examining warranties have been considered only during the past 20 years. A review of the literature on warranty models and analysis methods is provided, along with some suggestions for further research.

Keywords: probability; stochastic model applications to warranties; reliability; replacement/renewal decisions; cost analysis (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:47:y:1999:i:6:p:807-820

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