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Warranty Cost Analysis With Heterogenous Usage Intensity
Author(s) -
Kim C.S.,
Djamaludin I.,
Murthy D.N.P.
Publication year - 2001
Publication title -
international transactions in operational research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.032
H-Index - 52
eISSN - 1475-3995
pISSN - 0969-6016
DOI - 10.1111/1475-3995.00269
Subject(s) - warranty , intensity (physics) , computer science , population , physics , demography , quantum mechanics , sociology , political science , law
Models for cost analysis of one‐dimensional warranty policies assume that the usage intensity (or rate) is the same for all users. In real life the usage intensity varies across the population of users. This paper deals with some simple models to study the expected warranty cost for products sold with free replacement warranty with varying usage intensity.