Type 2 diabetes mellitus is among the most powerful independent risk factors of the cardiovascular disease presence and is associated with a 3 to 5× higher cardiovascular event risk. This has long been recognized by the National Cholesterol Education Program report in the United States and European guidelines, both labeling type 2 diabetes mellitus a coronary artery disease (CAD) equivalent. Al...

This paper addresses the impact of warranty of malfunctioning and warranty of misinforming on making informed purchase decisions over the adoption period. We propose mathematical models for quantification of the risk of misinforming by exploring customers’ learning evolution. These measures, dynamic in their nature, allow evaluation of customer’s satisfaction or dissatisfaction as a function of...

Preventive maintenance actions over the warranty period have an impact on the warranty servicing cost to the manufacturer and the cost to the buyer of fixing failures over the life of the product after the warranty expires. However, preventive maintenance costs money and is worthwhile only when these costs exceed the reduction in other costs. The paper deals with a model to determine when preve...

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Most companies seek efficient rectification strategies to keep their warranty related costs under control. This study develops and investigates different repair strategies for oneand two-dimensional warranties with the objective of minimizing manufacturer’s expected warranty cost. Static, improved and dynamic repair strategies are proposed and analyzed under different warranty structures. Numer...