Extended warranty has recently obtained increasing attention from both manufacturers and customers in China. In this paper,given the reality of China, two types of non-renewing extended warranty were proposed: one-dim...Extended warranty has recently obtained increasing attention from both manufacturers and customers in China. In this paper,given the reality of China, two types of non-renewing extended warranty were proposed: one-dimensional extended warranty and two-dimensional extended warranty. And a combined warranty policy including pro-rata warranty policy and free-repair warranty policy was applied in these two types of warranty. Then the expected life-cycle cost models from the manufacturer and consumer's perspectives were developed considering different maintenance options. The optimal warranty policy, maintenance options,and warranty price were adopted in terms of a win-win interval which was determined by the maximum extra cost the consumer should pay and the minimum price the manufacture should sell at the extended warranty. Finally,a case study was given to prove the effectiveness and validity of the model.展开更多
A complex product subjects to multiple failure modes such as minor and catastrophic failure with some probability.This paper investigates the effects of minor failure and catastrophic failure on the periodic replaceme...A complex product subjects to multiple failure modes such as minor and catastrophic failure with some probability.This paper investigates the effects of minor failure and catastrophic failure on the periodic replacement policy for a complex product supported by a warranty period.Cost models are developed and the expected optimal replacement policies are developed analytically such that long run expected life-cycle cost rate is minimized.Structural properties of the optimal replacement policies are derived for a product which fails with multiple failure modes and the failure rate is an increasing function of time.Finally,a numerical experiment is performed to show the important features of our study.展开更多
文摘Extended warranty has recently obtained increasing attention from both manufacturers and customers in China. In this paper,given the reality of China, two types of non-renewing extended warranty were proposed: one-dimensional extended warranty and two-dimensional extended warranty. And a combined warranty policy including pro-rata warranty policy and free-repair warranty policy was applied in these two types of warranty. Then the expected life-cycle cost models from the manufacturer and consumer's perspectives were developed considering different maintenance options. The optimal warranty policy, maintenance options,and warranty price were adopted in terms of a win-win interval which was determined by the maximum extra cost the consumer should pay and the minimum price the manufacture should sell at the extended warranty. Finally,a case study was given to prove the effectiveness and validity of the model.
基金This work was supported by the National Natural Science Foundation of China under grant numbers 71531010 and 71831006.
文摘A complex product subjects to multiple failure modes such as minor and catastrophic failure with some probability.This paper investigates the effects of minor failure and catastrophic failure on the periodic replacement policy for a complex product supported by a warranty period.Cost models are developed and the expected optimal replacement policies are developed analytically such that long run expected life-cycle cost rate is minimized.Structural properties of the optimal replacement policies are derived for a product which fails with multiple failure modes and the failure rate is an increasing function of time.Finally,a numerical experiment is performed to show the important features of our study.
