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dc.contributor.authorRahman, Anisuren_US
dc.contributor.authorChattopadhyay, Gopinathen_US
dc.contributor.editorProf. Dr. Dr. Jiuping Xuen_US
dc.date.accessioned2017-05-03T15:25:35Z
dc.date.available2017-05-03T15:25:35Z
dc.date.issued2010en_US
dc.date.modified2010-09-07T07:09:59Z
dc.identifier.issn17509653en_US
dc.identifier.urihttp://hdl.handle.net/10072/33243
dc.description.abstractCurrently, manufacturers/dealers have started selling products with lifetime warranty policies. In this paper, risk attitudes of both buyers and manufacturer/dealers to lifetime warranty policies are discussed. In line with Chun and Tang (1995) [2], Risk models are developed for products with time dependent failure intensity (rate). These models have been proposed with Non homogeneous Poisson's process for failure intensity function, a constant repair cost, and concave utility function. Using the exponential utility function, the decision models are developed to maximise the manufacturer/dealer's certainty profit equivalent. Risk preference models are developed to find the optimal warranty price through the use of the manufacturer's utility function for profit and the buyer's utility function for repair costs. Finally, the sensitivity of the warranty price models is analysed using numerical examples.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherWorld Academic Unionen_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttp://www.ijmsem.org/OnlineJournal.do/?134.htmlen_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom203en_US
dc.relation.ispartofpageto209en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalInternational Journal of Management Science and Engineering Managementen_US
dc.relation.ispartofvolume5en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchManufacturing Managementen_US
dc.subject.fieldofresearchcode091005en_US
dc.titleModelling risks to manufacturer and buyer for lifetime warranty policiesen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Sciences, Griffith School of Engineeringen_US
gro.rights.copyrightCopyright 2010 IJMSEM. Self-archiving of the author-manuscript version is not yet supported by this publisher. Please refer to the journal link for access to the definitive, published version or contact the authors for more information.en_AU
gro.date.issued2010
gro.hasfulltextNo Full Text


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