Expected value and variance of warranty cost of repairable product with two types of warranty
International Journal of Quality & Reliability Management
ISSN: 0265-671X
Article publication date: 1 October 1997
Abstract
Considers the estimation problem of the total warranty cost under two types of warranty. The product (e.g. car) is sold under two types of warranty (mileage and age). The failed product will be minimally repaired by the manufacturer during the preassigned warranty, the length of which is determined by mileage or age, whichever occurs first. Under general distributions, obtains the formula of the expected value and variance of total warranty cost. Analyses special cases of the failure and running behaviours. Includes a numerical example.
Keywords
Citation
Young Yun, W. (1997), "Expected value and variance of warranty cost of repairable product with two types of warranty", International Journal of Quality & Reliability Management, Vol. 14 No. 7, pp. 661-668. https://doi.org/10.1108/02656719710367389
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited