A value-at-risk approach to optimisation of warranty policy

DOI10.1016/j.ejor.2017.11.062zbMath1403.90421OpenAlexW2774204632MaRDI QIDQ723930

Shaomin Wu, Ming Luo

Publication date: 25 July 2018

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

Full work available at URL: https://kar.kent.ac.uk/65039/1/UoK_Luo_Wu.pdf

zbMATH Keywords

copulasvalue-at-riskmean-riskwarranty policy optimisation

Mathematics Subject Classification ID

Applications of statistics in engineering and industry; control charts (62P30) Stochastic programming (90C15) Management decision making, including multiple objectives (90B50)

Related Items

Critical value-based Asian option pricing model for uncertain financial markets, Determination of the optimal warranty policy and period from the manufacturer’s/seller’s perspective, A comprehensive analysis of warranty claims and optimal policies, A finite-horizon condition-based maintenance policy for a two-unit system with dependent degradation processes, A two-phase preventive maintenance policy considering imperfect repair and postponed replacement, Pricing service maintenance contracts using predictive analytics, An unpunctual preventive maintenance policy under two-dimensional warranty, Empirical risk assessment of maintenance costs under full-service contracts, Random maintenance policies for sustaining the reliability of the product through 2D-warranty

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