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- W1965346043 abstract "In the present article, an age-replacement policy is considered for non repairable products under the fully renewing combination free replacement and pro-rata warranty (FRW/PRW) policy. For the fully renewing FRW/PRW policy, whenever a product fails within the warranty period, it is replaced by a new one and a new warranty issued. Meanwhile, if the failure occurs during the first time interval (i.e., the free-replacement warranty (FRW) interval), replacement is made at no cost to the buyer; however, if the failure occurs during the second time interval (i.e., the pro-rata warranty (PRW) interval), replacement is made at a pro-rata cost to the buyer. Pre-determining the age for preventive replacement to be in a different certain interval, cost models from the buyer/user perspective are developed, and the corresponding local optimal replacement ages are derived such that the long-run expected cost rate is minimized. Then, the global optimal replacement age (i.e., without any constraint) is determined. Struc..." @default.
- W1965346043 created "2016-06-24" @default.
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- W1965346043 date "2010-06-22" @default.
- W1965346043 modified "2023-09-24" @default.
- W1965346043 title "An Optimal Age for Preventive Replacement Under Fully Renewing Combination Free Replacement and Pro Rata Warranty" @default.
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- W1965346043 doi "https://doi.org/10.1080/03610921003778175" @default.
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