Optimal price and pro rata decisions for combined warranty policies with different repair options

References

• Anderson , E. 1977 . Product price and warranty terms: an optimization model . Operational Research Quarterly , 28 : 739 – 741 .
   Google Scholar
• Blischke , W. R. and Murthy , D. N. P. 1994 . Warranty Cost Analysis , New York , NY : Marcel Dekker .
   Google Scholar
• Chen , J. A. and Chien , Y. H. 2007 . Renewing warranty and preventive maintenance for products with failure penalty post-warranty . Quality and Reliability Engineering International , 23 : 107 – 121 .
   Web of Science ®Google Scholar
• Chun , Y. H. and Lee , C. S. 1992 . Optimal replacement policy for a warrantied system with imperfect preventative maintenance operations . Microelectronics Reliability , 32 ( 6 ) : 839 – 843 .
   Web of Science ®Google Scholar
• Dean , J. 1969 . Managerial Economics , Englewood Cliffs , NJ : Prentice-Hall .
   Google Scholar
• Giri , B. C. and Dohi , T. 2007 . Inspection scheduling for imperfect production processes under free repair warranty . European Journal of Operational Research , 183 : 238 – 252 .
   Web of Science ®Google Scholar
• Glickman , T. S. and Berger , P. D. 1976 . Optimal price and protection period decisions for a product under warranty . Management Science , 22 : 1381 – 1389 .
   Web of Science ®Google Scholar
• Huang , H. Z. , Liu , Z. J. and Murthy , D. N. P. 2007 . Optimal reliability, warranty and price for new products . IIE Transactions , 39 : 819 – 827 .
   Web of Science ®Google Scholar
• Kaminsky , M. P. and Krivtsov , V. V. G-renewal processes as a model for statistical warranty claim prediction . Proceedings of the Annual Reliability and Maintainability Symposium . pp. 276 – 280 . Piscataway , NJ : Institute of Electrical and Electronics Engineering .
   Google Scholar
• Kao , E. 1997 . An Introduction to Stochastic Processes , New York , NY : Duxbury .
   Google Scholar
• Kapur , P. K. , Garg , R. B. and Butani , N. L. 1989 . Some replacement policies with minimal repairs and cost limits . International Journal of Systems Science , 20 ( 2 ) : 267 – 279 .
   Web of Science ®Google Scholar
• Kijima , M. 1989 . Some results for repairable systems with general repair . Journal of Applied Probability , 26 : 89 – 102 .
   Web of Science ®Google Scholar
• Kijima , M. and Sumita , N. 1986 . A useful generalization of renewal theory: counting processes governed by non-negative Markovian increments . Journal of Applied Probability , 23 : 71 – 88 .
   Web of Science ®Google Scholar
• Kim , B. and Park , S. 2007 . Optimal pricing, EOL (end of life) warranty, and spare parts manufacturing strategy amid product transition . European Journal of Operational Research , 188 ( 3 ) : 723 – 745 .
   Web of Science ®Google Scholar
• Li , K. , Chhajed , D. and Mallik , S. 2005 . Design of extended warranties in supply chains available: at http://www.business.uiuc.edu/Working_Papers/papers/05-0128.pdf Working Paper, last accessed July 2008
   Google Scholar
• Lin , P. and Shue , L. 2005 . Applications of optimal control theory to product pricing and warranty with free replacement under the influence of basic lifetime distributions . Computers & Industrial Engineering , 48 ( 1 ) : 62 – 82 .
   Web of Science ®Google Scholar
• Masujima , M. 2005 . Applied Mathematical Models in Theoretical Physics , Weinheim , , Germany : Wiley-VCH .
   Google Scholar
• Myers , R. H. , Montgomery , D. C. and Vining , G. G. 2002 . Generalized Linear Models, with Applications in Engineering and the Sciences , New York , NY : Wiley .
   Google Scholar
• Nakagawa , T. and Kijima , M. 1990 . A cumulative damage shock model with imperfect preventive maintenance . Naval Research Logistics , 38 : 145 – 156 .
   Web of Science ®Google Scholar
• Nguyen , D. G. and Murthy , D. N. P. 1984 . Cost analysis of warranty policies . Naval Research Logistics Quarterly , 31 : 525 – 541 .
   Google Scholar
• Nguyen , D. G. and Murthy , D. N. P. 1986 . An optimal policy for servicing warranty . Journal of the Operations Research Society , 37 : 1081 – 1098 .
   Web of Science ®Google Scholar
• Park , K. S. 1983 . Cost limit replacement policy under minimal repair . Microelectronics Reliability , 23 ( 2 ) : 347 – 349 .
   Web of Science ®Google Scholar
• Pascual , R. and Ortega , J. H. 2006 . Optimal replacement and overhaul decisions with imperfect maintenance and warranty contracts . Reliability Engineering & System Safety , 91 ( 2 ) : 241 – 248 .
   Web of Science ®Google Scholar
• Rahman , A. and Chattopadhyay , G. 2006 . Review of long-term warranty policies . Asia-Pacific Journal of Operational Research , 23 ( 4 ) : 453 – 472 .
   Web of Science ®Google Scholar
• Ross , S. M. 1995 . Stochastic Processes, , second edition , New York , NY : Wiley .
   Google Scholar
• Tang , Y. , Xie , M. and Goh , T. N. 2003 . Statistical analysis of a Weibull extension model . Communications in Statistics , 32 ( 5 ) : 913 – 928 .
   Google Scholar
• Thomas , M. U. and Richard , J. P. 2006 . Warranty-based method for establishing reliability improvement targets . IIE Transactions , 38 ( 12 ) : 1049 – 1058 .
   Web of Science ®Google Scholar
• Xie , M. , Tang , Y. and Goh , T. N. 2002 . A modified Weibull extension with bathtub-shaped failure rate function . Reliability Engineering & System Safety , 76 : 279 – 285 .
   Web of Science ®Google Scholar
• Yeh , R. H. and Chen , T. H. 2006 . Optimal lot size and inspection policy for products sold with warranty . European Journal of Operational Research , 174 : 766 – 776 .
   Web of Science ®Google Scholar
• Yeh , R. H. , Chen , M. Y. and Lin , C. Y. 2007 . Optimal periodic replacement policy for repairable products under free-repair warranty . European Journal of Operational Research , 176 : 1678 – 1686 .
   Web of Science ®Google Scholar
• Yeh , R. H. and Lo , H. 2001 . Optimal preventive-maintenance warranty policy for repairable products . European Journal of Operational Research , 134 : 59 – 69 .
   Web of Science ®Google Scholar