Determining the optimal warranty price based on the producer's and customers' risk preferences

DOI10.1016/0377-2217(93)E0163-RzbMath0912.90142OpenAlexW2112175177WikidataQ127740475 ScholiaQ127740475MaRDI QIDQ1127243

Young Hak Chun, Kwei Tang

Publication date: 13 August 1998

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0377-2217(93)e0163-r

zbMATH Keywords

stochastic processesrisk aversionfree-replacement, fixed-period warranty policy

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25)

Related Items (8)

Product inspection policy for an imperfect production system with inspection errors and warranty cost ⋮ Warranty pricing with consumer learning ⋮ A Vendor-Buyer Supply Chain Model for Deteriorating Item with Quadratic Time-Varying Demand and Pro-rata Warranty Policy ⋮ Optimal production run length and warranty period for an imperfect production system under selling price dependent on warranty period ⋮ Discounted costs for repairable units under hybrid warranty ⋮ Designing and pricing menus of extended warranty contracts ⋮ Replacement-repair policy for multi-state deteriorating products under warranty ⋮ Dynamic pricing and warranty policies for products with fixed lifetime

Cites Work

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• Applications of renewal theory in analysis of the free-replacement warranty
• Calculation of the cost of warranty policies as a function of estimated life distributions
• Product Price and Warranty Terms: An Optimization Model
• An Optimal Policy for Servicing Warranty
• Risk Aversion in the Small and in the Large

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