· 2019
Warranty Cost Analysis
- 389citations
- 2019year
Short summary
New models estimate warranty costs for free-replacement and pro rata warranties, crucial for manufacturers during product development.
AI-generated from the title and abstract; the full text is not read.
Key points
- Models are presented for estimating warranty costs.
- The models cover both free-replacement and pro rata warranty types.
- Estimates include expected cost per unit sold and per unit time.
- These cost estimations are vital during the product development stage.
AI-generated from the title and abstract; the full text is not read.
Abstract
For products sold with warranty, the manufacturer incurs costs resulting from the servicing of failures occurring under warranty. These costs depend on several factors, the most important being the reliability of the product. For planning purposes, the manufacturer must estimate (a) the expected cost of warranty per unit sold and (b) the expected cost per unit time over the product life cycle. This must be done in the product development stage. This article deals with models that may be used to obtain these cost estimates for products sold with free-replacement and pro rata warranties. Keywords: warranty; reliability; cost analysis; cost models; free-replacement warranty; pro rata warranty
The authors' abstract, as published at the source., 2019 · DOI ↗
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Field: Safety, Risk, Reliability and Quality
Safety, Risk, Reliability and QualityEngineering