This paper presents the effects of salvage value on the optimal age-replacement policy for non-repairable products sold with a renewing free-replacement warranty (RFRW). Cost models from the customer’s perspective are developed for both warranted, and non-warranted products. The corresponding optimal replacement ages are derived such that the long-run expected cost rate is minimized. Under the ...

It is observed that in India for all types of two wheeler vehicles, warranty offered is Free Replacement Warranty (FRW) policy. Present paper deals primarily with the cost analysis of warranty being given on different types of two wheeler vehicles, in India. Under the existing cost set up, a new warranty model, which involves an initial FR period, followed by the Pro Rata period, has been devel...

For repairable items sold with free replacement warranty, the actions available to the manufacturer to rectify failures under warranty are to (1) repair the failed item or (2) replace it with a new one. A proper repair-replace strategy can reduce the expected cost of servicing the warranty. In this paper, we study repair-replace strategies for items sold with a two-dimensional free replacement ...

In This Paper, we focus on estimating the expected total cost and expected cost rate for age replacement under warranty policy. We describe how to use design of Accelerated life testing (ALT) plans by assuming constant stress and life times are independently distributed as Exponentiated Pareto Distribution (EP) for predicting the cost of age replacement under warranty policy. This problem is st...

Warranty is an important factor of marketing products; however, warranty always involves additional costs to the seller and these costs usually depend on product reliability. Burn-in is considered as a part of the production process in which the manufactured products are operated under accelerated stresses for a short time period before their release and has been applied as a way for enhancing ...

The working cycle of the products can be supervised by sensors and other measuring technologies. This fact means that supervising cycle, manufacturer devise a warranty policy, continuing to supervise post-warranty consumer model maintenance. However, in literature, there is no associated work. Integrating renewing free-replacement (RFRW) number cycles, this paper proposes two-dimensional which ...

The long-term sustainability of our resources is dependent on reducing the consumption of virgin resources, and one method of achieving this goal is product remanufacturing. It is already established that the production of remanufactured products costs less than that of creating a new one, however the effects of this on warranty costs are now considered. Due to consumer perceptions of the quali...