Optimal replace-repair strategy for servicing products sold with warranty

Optimal replace-repair strategy for servicing products sold with warranty

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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: ,
Abstract:

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.

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