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A note on optimal price, warranty length and production rate for free replacement policy in static demand markets

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  • Faridimehr, Sina
  • Niaki, Seyed Taghi Akhavan

Abstract

This note provides some extensions on optimal policies on price, warranty length and production rate proposed by Wu et al. (2009) [1] (Wu, C.C.; Chou, C.Y.; Huang C. Optimal price, warranty length and production rate for free replacement policy in the static demand market. Omega 2009; 37: 29–39.) More specifically, the assumptions of the original paper is extended in this note from the production rate being positive and the second derivative of the demand function with respect to price and warranty-length being negative to no restrictions on both.

Suggested Citation

  • Faridimehr, Sina & Niaki, Seyed Taghi Akhavan, 2012. "A note on optimal price, warranty length and production rate for free replacement policy in static demand markets," Omega, Elsevier, vol. 40(6), pages 805-806.
    • Handle: RePEc:eee:jomega:v:40:y:2012:i:6:p:805-806
    DOI: 10.1016/j.omega.2011.12.009
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    References listed on IDEAS

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    1. Wu, Chin-Chun & Chou, Chao-Yu & Huang, Chikong, 2009. "Optimal price, warranty length and production rate for free replacement policy in the static demand market," Omega, Elsevier, vol. 37(1), pages 29-39, February.
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    Cited by:

    1. Kirkizoğlu, Zeynep & Karaer, Özgen, 2022. "After-sales service and warranty decisions of a durable goods manufacturer," Omega, Elsevier, vol. 113(C).
    2. Rezapour, Shabnam & Allen, Janet K. & Mistree, Farrokh, 2016. "Reliable flow in forward and after-sales supply chains considering propagated uncertainty," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 93(C), pages 409-436.
    3. Bian, Yiwen & Xie, Jiazheng & Archibald, Thomas W. & Sun, Yanhong, 2019. "Optimal extended warranty strategy: Offering trade-in service or not?," European Journal of Operational Research, Elsevier, vol. 278(1), pages 240-254.

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