Cost analysis of a piece-wise renewing free replacement warranty policy
Computers & Industrial Engineering(2019)
摘要
•Study a new piece-wise renewing free replacement warranty.•Derive the expected warranty cost, warranty cycle, and cost rate.•The piece-wise renewing policy has lower warranty cost than a fully renewing policy.•Propose a modified policy with a threshold on the number of failures.•A real-life case study is conducted with warranty claim data of battery packs.
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关键词
Warranty,Free replacement,Piece-wise renewing policy,Failure limit,Warranty data analysis
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