Replacement-repair policy for multi-state deteriorating products under warranty

In this paper we study a warranty 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. We examine the optimal value of these two parameters to minimize the manufacturer's expected warranty servicing cost per item sold.

• Type: Journal
• Year: 2000
• Where: EOR
• Authors: Ming J. Zuo, Bin Liu, D. N. P. Murthy
• Keywords: EOR 2000, Multi-state Deteriorating, Residual Warranty Period, Warranty Servicing Policy