Cost Models for One-Dimensional Warranties

Wallace R. Blischke (), M. Rezaul Karim () and D. N. Prabhakar Murthy ()
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M. Rezaul Karim: Rajshahi University
D. N. Prabhakar Murthy: The University of Queensland

Chapter Chapter 6 in Warranty Data Collection and Analysis, 2011, pp 113-135 from Springer

Abstract: Abstract When a manufacturer offers a warranty, all legitimate claims under warranty must be serviced. The number of claims that might be expected depends on the reliability of the product. Servicing of the claims results in additional costs to the manufacturer. There are several notions of warranty costs, each of which leads to a distinct cost model. In this chapter we focus on models for prediction of warranty costs as a function of product reliability for various one-dimensional warranties. These models play a critical role in warranty management.

Keywords: Cost Model; Product Life Cycle; Life Cycle Cost; Warranty Period; Cost Element (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-0-85729-647-4_6

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