Incentivising Availability Warranties.
Abstract
The research reported here defies the concepts of incentivised reliability (availability) warranties, develops mathematical models of the structure of such warranties, and analyzes selected examples. The goal of the analyses is to identify and study the role of contract variables as they relate to the division of risk assumption, the improvement of reliability (availability) and the control of cost in a warranty situation. Since the research deals with reliability considerations it is carried out in a stochastic framework, where the mathematical models provide expected values and standard deviations of costs for repair/replacement as functions of time. Warranty fee pools are represented by various functional forms and different probability laws are employed to govern the failure events and times to failure.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1980
- Accession Number
- ADA086684
Entities
People
- Clifford Marshall
Organizations
- New York University