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dc.contributor.convenorThe Society of Plant Engineers Japanen_AU
dc.contributor.authorRahman, Anisuren_US
dc.contributor.authorChattopadhyay, G.en_US
dc.contributor.editorSosumu Okumura, Tadao Kawai, Peng Chen, Raj. B.K.N. Raoen_US
dc.date.accessioned2017-04-24T12:58:34Z
dc.date.available2017-04-24T12:58:34Z
dc.date.issued2010en_US
dc.date.modified2011-05-30T06:55:25Z
dc.identifier.refurihttp://www.comadem2010.jp/en/en_AU
dc.identifier.urihttp://hdl.handle.net/10072/35933
dc.description.abstractThe warranty period offered by the manufacturer has been progressively increasing since the beginning of the 20th Century. Due to fierce competition and customer demand, manufacturers have started selling products with lifetime warranty policies. Under such policies, both the manufacturer and the buyer are exposed to uncertainties and risks of warranty pricing and product performance since products lifetime are uncertain and are not defined well in these policies. This paper extends the work of Chattopadhyay and Rahman (COMADEM 2005) to determine the manufacturer's and buyer's risk preferences by capturing the uncertainties of warranty duration in the lifetime warranty. Using the exponential utility function, the decision models are developed to maximise the manufacturer'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.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent95427 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherSunrise Publishing Limiteden_US
dc.publisher.placeJapanen_US
dc.publisher.urihttp://www.comadem2010.jp/en/en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofconferencenameCOMADEM2010: 23rd International Congress on Condition Monitoring & Diagnostic Engineering Managementen_US
dc.relation.ispartofconferencetitleCOMADEM 2010: Advances in Maintenance and Condition Diagnosis Technologies towards Sustainable Societyen_US
dc.relation.ispartofdatefrom2010-06-28en_US
dc.relation.ispartofdateto2010-07-02en_US
dc.relation.ispartoflocationNara, Japanen_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchOperations Researchen_US
dc.subject.fieldofresearchcode290502en_US
dc.subject.fieldofresearchcode010206en_US
dc.titleDetermination of Risks to Manufacturer and Buyers for Lifetime Warranty Policies by Considering Uncertainties of Lifetimeen_US
dc.typeConference outputen_US
dc.type.descriptionE1 - Conference Publications (HERDC)en_US
dc.type.codeE - Conference Publicationsen_US
gro.facultyGriffith Sciences, Griffith School of Engineeringen_US
gro.rights.copyrightCopyright remains with the authors 2010. The attached file is posted here with permission of the copyright owners for your personal use only. No further distribution permitted. For information about this conference please refer to the publisher's website or contact the authors.en_AU
gro.date.issued2010
gro.hasfulltextFull Text


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    Contains papers delivered by Griffith authors at national and international conferences.

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