WARRANTY COST ANALYSIS: RENEWING WARRANTY WITH NON-ZERO REPAIR TIME

Author:

CHUKOVA S.1,HAYAKAWA Y.2

Affiliation:

1. School of Mathematical and Computing Sciences, Victoria University of Wellington, P. O. Box 600 Wellington, New Zealand

2. School of International Liberal Studies, Waseda University, Tokyo, Japan

Abstract

The main focus of this study is on the modeling of the warranty claims and evaluating the warranty expenses. The cost of each warranty claim depends on the repair time associated with the claim. Alternating renewal process is used to model the operating and repair times. The warranty costs over the warranty period under renewing free replacement policy are evaluated. Also, the expected warranty expenses over the life cycle of the product are studied. Numerical examples illustrate the ideas.

Publisher

World Scientific Pub Co Pte Lt

Subject

Electrical and Electronic Engineering,Industrial and Manufacturing Engineering,Energy Engineering and Power Technology,Aerospace Engineering,Safety, Risk, Reliability and Quality,Nuclear Energy and Engineering,General Computer Science

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