Warranty cost analysis: Non-renewing warranty with repair time

Stefanka Chukova, Yu Hayakawa

Research output: Contribution to journalArticle

31 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
Publication statusPublished - 2004 Jan
Externally publishedYes

Fingerprint

Warranty
Cost Analysis
Repair
Alternating Renewal Process
Costs
Life cycle
Replacement Policy
Finite Horizon
Life Cycle
Cost analysis
Evaluate
Modeling

Keywords

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

ASJC Scopus subject areas

  • Applied Mathematics
  • Statistics and Probability
  • Management Science and Operations Research

Cite this

Warranty cost analysis : Non-renewing warranty with repair time. / Chukova, Stefanka; Hayakawa, Yu.

In: Applied Stochastic Models in Business and Industry, Vol. 20, No. 1, 01.2004, p. 59-71.

Research output: Contribution to journalArticle

@article{0a7458796b7b44d6a3738e9af9d91217,
title = "Warranty cost analysis: Non-renewing warranty with repair time",
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.",
keywords = "Alternating renewal process, Life cycle, Non-renewing free replacement warranty, Renewal function",
author = "Stefanka Chukova and Yu Hayakawa",
year = "2004",
month = "1",
language = "English",
volume = "20",
pages = "59--71",
journal = "Applied Stochastic Models in Business and Industry",
issn = "1524-1904",
publisher = "John Wiley and Sons Ltd",
number = "1",

}

TY - JOUR

T1 - Warranty cost analysis

T2 - Non-renewing warranty with repair time

AU - Chukova, Stefanka

AU - Hayakawa, Yu

PY - 2004/1

Y1 - 2004/1

N2 - 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.

AB - 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.

KW - Alternating renewal process

KW - Life cycle

KW - Non-renewing free replacement warranty

KW - Renewal function

UR - http://www.scopus.com/inward/record.url?scp=1542395820&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=1542395820&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:1542395820

VL - 20

SP - 59

EP - 71

JO - Applied Stochastic Models in Business and Industry

JF - Applied Stochastic Models in Business and Industry

SN - 1524-1904

IS - 1

ER -