Optimal Warranty Length for a Rayleigh Distributed Product With Progressive Censoring
學年 99
學期 1
出版(發表)日期 2010-12-01
作品名稱 Optimal Warranty Length for a Rayleigh Distributed Product With Progressive Censoring
作品名稱(其他語言)
著者 Wu, Shuo-Jye; Huang, Syuan-Rong
單位 淡江大學統計學系
出版者 Piscataway: Institute of Electrical and Electronics Engineers
著錄名稱、卷期、頁數 IEEE Transactions on Reliability 59(4), pp.661-666
摘要 In an intensely competitive market, one way by which manufacturers attract consumers to their products is by providing warranties on the products. Consumers are willing to purchase a high-priced product only if they can be assured about the product's reliability. A longer warranty period usually indicates better reliability. However, offering an unlimited warranty is unrealistic because maintaining such a policy needs very high cost. In this article, we investigate a decision problem under the warranty which is a combination of free-replacement, and pro-rata policies. We use a Bayesian approach to determine the optimal warranty lengths. The Rayleigh distribution is employed to describe the product lifetime. An example with real data is presented for illustration.
關鍵字 Bayesian analysis; dissatisfaction cost; economic benefit; posterior predictive distribution; warranty cost
語言 en
ISSN 0018-9529
期刊性質 國外
收錄於 SCI
產學合作
通訊作者 Wu, Shuo-Jye
審稿制度
國別 USA
公開徵稿
出版型式 紙本
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