Warranty and optimal redundancy design

Warranty and optimal redundancy design

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Article ID: iaor1996153
Country: Switzerland
Volume: 23
Issue: 4
Start Page Number: 301
End Page Number: 314
Publication Date: Apr 1995
Journal: Engineering Optimization
Authors: ,
Keywords: manufacturing industries, quality & reliability
Abstract:

For products sold with warrants, the total cost per item to the manufacturer comprises the manufacturing cost and warranty servicing cost. The warranty servicing cost can be reduced by improving reliability through better design involving redundancy. However, this increases the manufacturing cost per item. In this paper optimal redundancy strategies to minimize the total cost per item to the manufacturer are studied.

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