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| Author: | Zuo, M. Liu, B. Murthy, D. |
| Title: | Replacement-repair policy for multi-state deteriorating products under warranty |
| Journal: | European Journal of Operational Research
2000 : JUN 16, VOL. 123:3, p. 519-530 |
| Index terms: | MAINTENANCE RELIABILITY WARRANTS |
| Language: | eng |
| Abstract: | In this paper the authors study a warrantly servicing policy for a class of multi-state deteriorating and repairable products. The manufacturer's decision to repair or replace a failed item depends on two parameters, the deterioration degree of the item and the length of the residual warranty period. The authors examine the optimal value of these two parameters to minimize the manufacturer's expected warranty servicing cost per item sold. |
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