Warranty reserving

Charles S. Tapiero and Morton J. Posner

Naval Research Logistics (NRL), 1988, vol. 35, issue 4, 473-479

Abstract: This paper considers a problem of warranty reserving, namely, the current practice of setting aside part of a product revenue to meet future claims arising from the warranty. We define a Compound Poisson stochastic model for warranty claims and reserve and obtain, using a sample paths technique, the long‐run probability distribution of a warranty reserves, managed under alternative warranties and reserve policies.

Date: 1988
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https://doi.org/10.1002/1520-6750(198808)35:43.0.CO;2-C

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:35:y:1988:i:4:p:473-479

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