File(s) not publicly available

Modeling and analysis of warranty cost for 2D-policies associated with sale of second-hand products

journal contribution
posted on 06.12.2017, 00:00 by Gopinath ChattopadhyayGopinath Chattopadhyay, WY Yun
The market for second hand products has been growing for a variety of reasons (e.g., new products appearing at a faster rate and the expected life of products increasing due to rapid advances in technology). The demand for warranties for second-hand products has been growing along with the growth of the market for second-hand products. Warranty for new products (consumer durables, industrial and commercial, and specialized defense products) has received a lot of attention. In contrast, warranties for second-hand product have received very little attention. Often, dealers of second-hand product such as cars offer 2D-warranties (Year and Kilometers). The expected warranty cost associated with a seocnd-hand product for 2D-Policies is a function of the age of the item and its usage (as it affects failures over the warranty period), the warranty terms and the servicing strategy used by the dealer. This paper deals with development of models for warranty cost analysis along with the decision on sale price and warranty cover for 2D-Warranty policies associated with sale of second-hand products.

History

Volume

7

Issue

1

Start Page

71

End Page

77

Number of Pages

7

ISSN

1598-0073

Location

Republic of Korea

Publisher

The Korean Reliability Scoiety

Language

en-aus

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Pusan Taehakkyo; Queensland University of Technology;

Era Eligible

Yes

Journal

International Journal of Reliability and Applications

Usage metrics

Exports