Warranty Economic Decision Models: A Summary and Some Suggested Directions for Future Research
Marlin U. Thomas, Sridevi S. Rao
Operations Research · 1999 · Volume 47 · Issue 6
Abstract
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.
Keywords
probability, stochastic model applications to warranties, reliability, replacement/renewal decisions, cost analysis
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