Some renewal theory results with application to fleet warranties

Nicholas Zaino and Toby Berke

Naval Research Logistics (NRL), 1994, vol. 41, issue 4, 465-482

Abstract: The fleet warranty guarantees the purchaser of a large population of like items that the mean life of the fleet will meet or exceed some negotiated mean μL. If the mean life is less than μL, compensation may be given in terms of a number of free replacement parts R. The expected number of replacements E[R] is studied based upon how the mean life of items in the field is determined and on whether the sampling window starts at time t = 0 (ordinary renewal process) or at some arbitrarily large time w (equilibrium renewal process). Properties of E[R] are compared and examples are given. © 1994 John Wiley & Sons, Inc.

Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/1520-6750(199406)41:43.0.CO;2-8

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:41:y:1994:i:4:p:465-482

Access Statistics for this article

More articles in Naval Research Logistics (NRL) from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().