search query: @indexterm product failures / total: 35
reference: 18 / 35
Author: | Thomas, M. U. |
Title: | A prediction model for manufacturer warranty reserves ! Menke |
Journal: | Management Science
1989 : DEC, VOL. 35:12, p.1515-1519 |
Index terms: | MANUFACTURING PRODUCT FAILURES RISK PROFIT PREDICTION THEORY ESTIMATION |
Language: | eng |
Abstract: | The effective allocation of funds for covering the risk of warranty claims against poor products is a major problem to manufacturers. This is due to the uncertainties associated with failures, quality levels, and economic conditions. Underestimating this requirement for future outlays will result in a false impression of the profit position of the firm whereas overestimating will result in lost opportunity due to the inactive committed funds. A model estimating the warranty reserve fund for a manufacturer has been developed. |
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