Warranty Economic Decision Models: A Summary and Some Suggested Directions for Future Research

Warranty Economic Decision Models: A Summary and Some Suggested Directions for Future Research

Product guarantees or warranties have been around for generations, but formal approaches for establishing and examining warranties have been considered only during the past 20 years. A review of the literature on warranty models and analysis methods is provided, along with some suggestions for furth...

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Veröffentlicht in:Operations research 1999-11, Vol.47 (6), p.807-820
Hauptverfasser: Thomas, Marlin U, Rao, Sridevi S
Format: Artikel
Sprache:eng
Schlagworte:
Capital costs
cost analysis
Cost estimation models
Decision making models
Life cycle costs
Marketing
Modeling
OR Chronicle
Preventive maintenance
probability
Product development
Production costs
reliability
replacement/renewal decisions
stochastic model applications to warranties
Studies
Unit costs
Warranties
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Beschreibung
Zusammenfassung:Product guarantees or warranties have been around for generations, but formal approaches for establishing and examining warranties have been considered only during the past 20 years. A review of the literature on warranty models and analysis methods is provided, along with some suggestions for further research.
ISSN:0030-364X
1526-5463
DOI:10.1287/opre.47.6.807