This paper studies the joint optimization of price and two-dimensional (2-D) warranty policy with limits both length usage. For this purpose, in paper, we first propose a new sales function to characterize influence price, length, usage limit on rate while considering heterogeneous customer rate. Then, model dynamic 2-D as nonlinear optimal control problem, solve it via numerical approach based...

A warranty policy for a product should balance the interests of both producer and consumer. Consumer protection is typically provided by a guarantee of replacement or some form of repair of the product failing within a promised warranty period, while an approach to provide a corresponding protection for the manufacturer is to limit the maximum usage allowed under warranty. Such warranty policie...

Two-dimensional warranty has played a significant role in improving product quality and competitiveness. However, two-dimensional basic (BW) extended (EW) have not yet been combined effectively, the customized maintenance strategies based on consumers’ heterogeneity quite limited, which result high costs. In this paper, possibility of reducing cost over BW EW is explored by classifying customer...

In this paper, a new servicing strategy with imperfect repair is defined and studied for the manufacturer of a product sold with a two-dimensional warranty. The strategy is based on a specified region of the warranty defined in terms of age and usage, with the first failure in the region rectified by an imperfect repair and all other failures being minimally repaired. Product failures are model...

This paper presents an approach to determine a two-dimensional warranty period for the components, materials and products derived from End-of-Life products to meet components, materials and products demands while minimizing the cost associated with warranty and maximizing the manufacturer’s profits.

With the help of advanced digital technologies, product managers can use monitored mission cycles to sustain reliability. In this study, a random warranty model and replacement next (RRN) are designed through-life reliability with cycles. The warranty, called two-stage two-dimensional free repair (2DFRW), be carried out during stage. ‘whichever occurs first last’ is used distinguish coverage ra...