Article ID: | iaor19881021 |
Country: | Netherlands |
Volume: | 39 |
Issue: | 2 |
Start Page Number: | 206 |
End Page Number: | 212 |
Publication Date: | Mar 1989 |
Journal: | European Journal of Operational Research |
Authors: | Nguyen D.G., Murthy D.N.P. |
For repairable products sold with warranty, the manufacturer has the option of either repairing a failed item or replacing it by a new one should the failure occur during the warranty period. This paper fomulates a model to make optimal decisions regarding replace-repair strategies for a fairly general warranty policy.