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Warranty cost analysis: non‐zero repair time

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  • Stefanka Chukova
  • Yu Hayakawa

Abstract

The main focus of this study is on the modelling of the warranty claims and evaluating the warranty expenses. The cost of each warranty claim depends on the non‐zero length of the repair time. Alternating renewal process is employed to model the operating and repair times. New results for alternating renewal process in finite horizon are derived. They are used to evaluate the warranty costs over the warranty period under non‐renewing free replacement policy and over the life cycle of the product. Examples are provided to illustrate the ideas. Copyright © 2004 John Wiley & Sons, Ltd.

Suggested Citation

  • Stefanka Chukova & Yu Hayakawa, 2004. "Warranty cost analysis: non‐zero repair time," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 20(1), pages 59-71, January.
    • Handle: RePEc:wly:apsmbi:v:20:y:2004:i:1:p:59-71
    DOI: 10.1002/asmb.515
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    Cited by:

    1. Arnold, Richard & Chukova, Stefanka & Hayakawa, Yu & Marshall, Sarah, 2020. "Geometric-Like Processes: An Overview and Some Reliability Applications," Reliability Engineering and System Safety, Elsevier, vol. 201(C).
    2. Richard Arnold & Stefanka Chukova & Yu Hayakawa & Sarah Marshall, 2019. "Warranty cost analysis with an alternating geometric process," Journal of Risk and Reliability, , vol. 233(4), pages 698-715, August.
    3. Altındağ, Ömer & Aydoğdu, Halil, 2021. "Estimation of renewal function under progressively censored data and its applications," Reliability Engineering and System Safety, Elsevier, vol. 216(C).

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