Optimal upgrade strategy, warranty policy and sale price for second‐hand products

DOI10.1002/asmb.1908zbMath1286.91059OpenAlexW2158759045MaRDI QIDQ5414532

Mahmood Shafiee, Stefanka S. Chukova

Publication date: 6 May 2014

Published in: Applied Stochastic Models in Business and Industry (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/asmb.1908

zbMATH Keywords

marketingwarrantysecond-hand productupgrade actionsale pricethree-parameter optimization model

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Reliability, availability, maintenance, inspection in operations research (90B25) Mathematical economics (91B99) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (2)

Optimal maintenance and warranty strategy for second-hand product with periodic preventive maintenance action ⋮ Predictive Maintenance and Upgrade Scheduling for Production Line under Multi-period Product-service Paradigm

Cites Work

• Dynamic pricing and warranty policies for products with fixed lifetime
• Periodical replacement problem without assuming minimal repair
• Imperfect maintenance
• Warranty cost analysis for second-hand products.
• Cost Sharing Warranty Policies for Second‐hand Products
• Two-Dimensional Warranty Cost Analysis for Second-Hand Products
• Imperfect repair
• Dynamic optimisation of price, warranty length and production rate
• Age-dependent minimal repair
• Some results for repairable systems with general repair

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