Xie, Jinhao, Wu, Shaomin (2019) Optimisation of Extended Warranty Price with Usage Rate Being Considered. In: the 11th International Conference on Mathematical Methods in Reliability (MMR2019), 3 - 7 June, 2019, Hong Kong. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:73996)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
Abstract
Optimisation of extended warranty has attracted considerable attention in the literature. Its focuses are on optimisation of the length and/or the price of the ex-tended warranty. Such research is done by good mathematicians with some unrealistic assumptions. For example, in the real world, the length of extended warranty is usually a positive integer, which may be 6 months, 12 months, etc, but it is seldom 3.5623 months. In this paper, we take into consideration of this fact and assume that the buyers may decide to purchase a different number of the base periods of extended warranty. We then propose a novel method of optimising the price of extended warranty.
| Item Type: | Conference or workshop item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HA Statistics > HA33 Management Science |
| Institutional Unit: | Schools > Kent Business School |
| Former Institutional Unit: |
Divisions > Kent Business School - Division > Department of Analytics, Operations and Systems
|
| Depositing User: | Shaomin Wu |
| Date Deposited: | 20 May 2019 21:41 UTC |
| Last Modified: | 20 May 2025 12:03 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/73996 (The current URI for this page, for reference purposes) |
University of Kent Author Information
Wu, Shaomin.
| Creator's ORCID: |
 https://orcid.org/0000-0001-9786-3213
|
|---|---|
| CReDIT Contributor Roles: |
- Export to:
- RefWorks
- EPrints3 XML
- BibTeX
- CSV
- Depositors only (login required):
Total Views
Total Views
