A note on calculating cost of two-dimensional warranty policy

A note on calculating cost of two-dimensional warranty policy

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Article ID: iaor20091352
Country: Netherlands
Volume: 54
Issue: 4
Start Page Number: 1071
End Page Number: 1077
Publication Date: May 2008
Journal: Computers & Industrial Engineering
Authors: , ,
Keywords: warranty
Abstract:

We study the derivation of warranty cost under rectangular two-dimensional policy for both repairable as well as non-repairable product. Typically, two approaches are adopted, namely, one-dimensional (1D) and two-dimensional (2D). We show the difference in results obtained from the formulae under the two approaches through several examples. Merits of the formulae are then analyzed to identify the correct ones.

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