Warranty cost analysis: Non-renewing warranty with repair time

Stefanka Chukova, Yu Hayakawa

Research output: Contribution to journalArticlepeer-review

33 Citations (Scopus)

Abstract

The main focus of this study is on the modelling of the warranty claims and evaluating the warranty expenses. The cost of each warranty claim depends on the non-zero length of the repair time. Alternating renewal process is employed to model the operating and repair times. New results for alternating renewal process in finite horizon are derived. They are used to evaluate the warranty costs over the warranty period under non-renewing free replacement policy and over the life cycle of the product. Examples are provided to illustrate the ideas.

Original languageEnglish
Pages (from-to)59-71
Number of pages13
JournalApplied Stochastic Models in Business and Industry
Volume20
Issue number1
DOIs
Publication statusPublished - 2004 Jan 1
Externally publishedYes

Keywords

  • Alternating renewal process
  • Life cycle
  • Non-renewing free replacement warranty
  • Renewal function

ASJC Scopus subject areas

  • Modelling and Simulation
  • Business, Management and Accounting(all)
  • Management Science and Operations Research

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