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View all- Elkins DWortman M(2004)An Examination of Correlation Effects Among Warranty ClaimsIEEE Transactions on Reliability10.1109/TR.2004.82914953:2(200-204)Online publication date: Jun-2004
Warranty cost estimation using simulation
Pages 857 - 859
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.
References
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Institute of Certified Public Accountants, Inc. (1971). Accounting principles Board opinion, no. 21.
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Amato, H.N., and Anderson, E.E., (1976). Determination of the warranty reserves: An extension. Management Science 22, 12:1391- 1394.
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Amato, H.N., Anderson, E.E. and Harvey, D.W. (1976) . A general model of future period warranty costs. The Accounting Review 51, 4:854-862.
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Heschel, M.S. (1971). How much is a guarantee worth? Industrial Engineering 3, 5: 14-15.
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Menke, W.W. (1969). Determination of the warranty reserves. Management Science 15, 10:542-549.
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Mitra, A., and Patankar, J.G. Warranty Cost estimation: A goal programming approach. to be published in Decision Sciences.
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Patankar, J.G. (1978). Estimation of reserves and cash flows associated with different warranty policies. Ph.D. dissertation, Clemson University.
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Patankar, J.G. and Worm, G.H. (1981). Prediction intervals for warranty reserves and cash flows. Management Science 27, 2:237- 241.
Index Terms
- Warranty cost estimation using simulation
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December 1988
896 pages
Copyright © 1988 ACM.
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- IEEE-SMCS: Systems, Man & Cybernetics Society
- ORS: Orthopaedic Research Society
- TIMS
- SIGSIM: ACM Special Interest Group on Simulation and Modeling
- IEEE-CS: Computer Society
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Association for Computing Machinery
New York, NY, United States
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Published: 01 December 1988
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View all- Elkins DWortman M(2004)An Examination of Correlation Effects Among Warranty ClaimsIEEE Transactions on Reliability10.1109/TR.2004.82914953:2(200-204)Online publication date: Jun-2004
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