Jayprakash G. Patankar
ABSTRACT
The purpose of this paper is to consider a warranty estimation problem using a simulation approach. Prior research has estimated warranty costs using mathematical expectations. In the simulated approach, the time to failure has been assumed to be exponentially distributed. Three different rebate functions are considered: a linear pro rata rebate, a lumpsum rebate, and a full rebate up to a certain point and a linear pro rata from then until the warranty expires.
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Index Terms
- Warranty cost estimation using simulation
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