Previously, repair-cost limits have been determined only for the producer; or the consumer has been assumed always to replace the product on failure outside the warranty period without the possibility of a minimal repair. This paper discusses the optimal repair-cost limit to the warranty literature. The objective is to find an algorithm to obtain the optimal repair-cost limit for the consumer which minimizes his long-run expected cost rate.
机构:
So Taiwan Univ Technol, Dept Business Adm, Yung Kung City 710, Tainan City, TaiwanSo Taiwan Univ Technol, Dept Business Adm, Yung Kung City 710, Tainan City, Taiwan