• Title/Summary/Keyword: warranty policy

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Cost Analysis of Manufacturer Under the Free Replacement, Pro-rata, Hybrid and Stepdown Warranty Policy (단계별 사후보증제도와 무료, 비율, 혼합형 보증제도에서 제조업자 입장의 비용분석)

  • 김원중;김재중
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.12 no.20
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    • pp.39-45
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    • 1989
  • This article is concerned with cost analysis in product warranty policy. The warranty cost can be different according to warranty rate and warranty renewal policy. In this paper the stepdown warranty is used. The warranty renewal policy is considered when the warranty is received upon free replacement period as item failing. Assuming the non repairable item as one item is sold, investigated manufacturer's cost in stepdown warranty policy. Also manufacturer's cost is calculated in the free replacement. pro-rata. hybrid policy. Numerical example is given over Weibull time to failure distribution, comparing stepdown warranty policy with free replacement, pro-rata, hybrid one in the manufacturer's point of view. The sensitivity analysis of warranty cost according to the number of warranty period step is included.

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Cost Analysis of Manufacturer's View Point Under Stepdown Warranty Policy

  • Kim, Jae Joong;Kim, Won Joong
    • Journal of Korean Society for Quality Management
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    • v.19 no.1
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    • pp.103-114
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    • 1991
  • This article is concerned with cost analysis in warranty policy. The warranty cost can be different according to warranty rate and warranty renewal policy. In this paper the stepdown warranty policy is analyzed. Assuming the nonrepairable item, manufacturer's cost is calculated in stepdown warranty policy and free replacement, pro-rata, hybrid policy. Numerical examples are given over Weibull time-to-failure distribution.

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Cost Analysis and Period Determination in Stepdown Warranty Policy (단계별 보증제도에서의 비용분석 및 보증기간 설정)

  • Kim, Jae-Jung;Jang, Jung-Sun;Kim, Won-Jung
    • Journal of Korean Society for Quality Management
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    • v.20 no.1
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    • pp.39-47
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    • 1992
  • This paper is concerned with cost analysis and determination of warranty period in a stepdown warranty policy. Manufacturer's warranty cost is analyzed for nonrepairable item, where the warranty is assumed to be renewed at any failure within the warranty period. It is shown that from this result in free replacement policy, pro-rata policy and hybrid policy can be easily calculated. The method of determining optimal warranty period is also explored.

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-A study on Optimal Cost Model of Combined ESS and Burn-in under Warranty Policy- (품질보증정책하에 ESS와 Burn-in을 결합한 최적비 용모형 의 설정$^{1)}$)

  • 송서일;조영찬;박현규
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.24 no.62
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    • pp.1-10
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    • 2001
  • The electronics industry is fast growing segment of manufacturing and service industries. It is important that the manufacturer develops a product with adequate life cycle, high quality, and low failure rate in the specified time period. Environmental Stress Screening(ESS) and burn-in are widely used in the electronic industry to assist in the elimination of early failure. In this research, we construct optimal cost model of combined ESS and burn-in under various warranty policy and establish optimal testing times for given environments. Also we conduct sensitivity analysis on various parameter. The results of this study are summarized as follows. Comparing free warranty policy to rebate warranty policy, optimal ESS time is longer under free warranty policy, and optimal burn-in time is longer under rebate warranty policy. Free warranty policy higher than rebate warranty policy in total cost.

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Optimal Warranty Policy for Free Two-phase Warranty (무료 이단계 보증에 대한 최적의 보증 정책)

  • Ki Mun Jung
    • Journal of Integrative Natural Science
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    • v.17 no.2
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    • pp.43-51
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    • 2024
  • Jung et al.(2015) suggest the two-phase warranty model, which is a general type of warranty model. Under the two-phase warranty, the warranty period is divided into two intervals, one of which is for renewing replacement warranty, and the other is for minimal repair warranty. And warranty policies play a very important role in product marketing. In this paper, we suggest the optimal warranty policy for free extended two-phase warranty. To determine the optimal warranty period, we adopt the expected profit per unit product. So, the expressions for the total expected cost, the sale price and the expected profit per unit product from the manufacturer's point of view are derived. Also, we discuss the optimal warranty period and the numerical examples are provided to illustrate the proposed the warranty policy.

Quality Inspection Plans for Products Sold under Warranty (보증하(保證下)에 판매(販賣)되는 제품(製品)의 품질검사계획(品質檢査計劃))

  • Kim, Yeong-Ho;Lee, Chang-Hun
    • Journal of Korean Institute of Industrial Engineers
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    • v.11 no.2
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    • pp.11-18
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    • 1985
  • Three types of warranty policies are considered. They are (1) free warranty policy for repairable products, (2) free warranty policy for nonrepairable products, and (3) rebate warranty policy. Under each warranty policy, a single sampling attribute plan with non-destructive testing is considered. A sampling plan is characterized by the sample size and the acceptance number. For each case, characteristics of an optimum sampling plan are discussed and determined, which minimize the warranty cost and the corresponding quality control cost within the assigned producer's risk and consumer's risk.

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Estimation of Warranty Cost (품질하자보증비의 추정)

  • 최정호;이상용
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.43
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    • pp.357-364
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    • 1997
  • After the buyer purchases the product, the seller's role does not end. If the product fails to function properly before the end of the warranty period, the seller is responsible for its repair or replacement under the seller's warranty policy. There are two common types of warranty policies: the free replacement warranty and the rebate warranty. Under the free replacement warranty policy, replacement or repairs during the warranty period are provided by the seller free of charge to the buyer. Under the rebate warranty policy, a failed item is replaced by a new one or is repaired at a cost to the age of the failed item. The rebate warranty is most often used for items such as a battery or an automobile tire which wear out and must be replaced at failure. This paper proposes a easy way of estimating the warranty cost under the free replacement warranty policy assuming an exponential product failure function on repairable products.

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The Cost Analysis of Consumer's View of the Stepdown Warranty Policy (단계별 사후보증제도에서의 소비자비용분석)

  • 김원중;김재중
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.11 no.17
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    • pp.55-65
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    • 1988
  • This article suggests the costs analysis of resumer's view under the stepdown warranty is renewd whenever a failure occurs in the warranty period. And the general warranty policy is showed such as free replacement policy prorata warranty policy, hybrid warranty policy. In this respect case, the cost of consumer is also calculated. In order to study the cost analysis of consumer. "RENEWAL THEORY" is introduced and the cost of consumer is calculated.alculated.

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Warranty cost modeling using the parametric method

  • Park, Min-Jae
    • Journal of Applied Reliability
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    • v.11 no.1
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    • pp.43-57
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    • 2011
  • In the paper, we consider two-dimensional warranty policy with failure times and repair times. The failure times are considered within the warranty period and the repair times are considered within the repair time limit. Under the renewable warranty policy and non-renewable warranty policy, we consider the number of warranty services in the censored area by warranty period and repair time limit to conduct warranty cost analysis. We investigate the field data to check their dependency and implement our proposed approaches to conduct warranty cost analysis using the parametric methods. Numerical examples are discussed to demonstrate the applicability of the methodologies and results based on the proposed approach in the paper.

Optimal Preventive Maintenance Policy for a Repairable System

  • Jung, Ki-Mun
    • Journal of the Korean Data and Information Science Society
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    • v.17 no.2
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    • pp.367-377
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    • 2006
  • This paper develops a periodic preventive maintenance(PM) policy following the expiration of warranty. Two types of warranty are considered: renewing warranty and non-renewing warranty. Also, we consider the situation where each PM cost is an increasing function of the PM effect. We determine the optimal number of PM's before replacing the system by a new one and the optimal length of period for the periodic PM following the expiration of warranty. Explicit solutions to determine the optimal periodic PM are presented for the Weibull distribution case.

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