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Warranty costs: An age‐dependent failure/repair model

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  • Boyan Dimitrov
  • Stefanka Chukova
  • Zohel Khalil

Abstract

An age‐dependent repair model is proposed. The notion of the “calendar age” of the product and the degree of repair are used to define the virtual age of the product. The virtual failure rate function and the virtual hazard function related to the lifetime of the product are discussed. Under a nonhomogeneous Poisson process scenario the expected warranty costs for repairable products associated with linear pro‐rata, nonrenewing free replacement and renewing free replacement warranties are evaluated. Illustration of the results is given by numerical and graphical examples. © 2004 Wiley Periodicals, Inc. Naval Research Logistics, 2004.

Suggested Citation

  • Boyan Dimitrov & Stefanka Chukova & Zohel Khalil, 2004. "Warranty costs: An age‐dependent failure/repair model," Naval Research Logistics (NRL), John Wiley & Sons, vol. 51(7), pages 959-976, October.
    • Handle: RePEc:wly:navres:v:51:y:2004:i:7:p:959-976
    DOI: 10.1002/nav.20037
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    References listed on IDEAS

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    1. Scarsini, Marco & Shaked, Moshe, 2000. "On the value of an item subject to general repair or maintenance," European Journal of Operational Research, Elsevier, vol. 122(3), pages 625-637, May.
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    Cited by:

    1. Guillermo Gallego & Ruxian Wang & Ming Hu & Julie Ward & Jose Luis Beltran, 2015. "No Claim? Your Gain: Design of Residual Value Extended Warranties Under Risk Aversion and Strategic Claim Behavior," Manufacturing & Service Operations Management, INFORMS, vol. 17(1), pages 87-100, February.

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