Warranty Period and Product Price Optimization for Remanufactured Products

Publication Year:
2015
Usage 137
Downloads 92
Abstract Views 45
Repository URL:
https://dc.uwm.edu/etd/1063
Author(s):
Liu, Yuxi
Tags:
Optimization; Remanufactuirng; Renewal Function; Warranty Period; Human Resources Management; Industrial Engineering; Sustainability
thesis / dissertation description
This study considers a remanufactured electrical product under a tiered warranty policy. Warranty is key in ensuring a good manufacturer—consumer relationship. Manufacturers hope to minimize warranty costs while consumers believe that good warranty promises better product quality and reliability. This Thesis presents an optimal warranty period from the perspective of a manufacturer to maximize the total expected profits, while ensuring sustained consumer relation. We use real data from a local company with a global supply chain to provide a numerical example.