Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance
Facing the uncertainty in transaction of two-dimensional extended warranty, a flexible pricing model is presented considering imperfect preventive maintenance combined with the degradation characteristics of item. The measure of two-dimensional preventive maintenance is carried out based on specifie...
| Format: | Article |
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| Language: | zho |
| Published: |
EDP Sciences
2019-04-01
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| Series: | Xibei Gongye Daxue Xuebao |
| Subjects: | |
| Online Access: | https://www.jnwpu.org/articles/jnwpu/full_html/2019/02/jnwpu2019372p393/jnwpu2019372p393.html |
| _version_ | 1827608369499734016 |
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| collection | DOAJ |
| description | Facing the uncertainty in transaction of two-dimensional extended warranty, a flexible pricing model is presented considering imperfect preventive maintenance combined with the degradation characteristics of item. The measure of two-dimensional preventive maintenance is carried out based on specified age interval or usage interval, the effect of imperfect preventive maintenance is described by age reduction model. The extended warranty cost is modeled from the perspective of manufacturer and customer, the method of gridding search is employed to optimize the maintenance strategy under different cases. Moreover, customized extended warranty price and warranty services are proposed on the basis of consumer usage rates. The results demonstrate that it is helpful to maximize the benefit of vendor by providing customized warranty strategy, the implementation of preventive maintenance during the whole warranty period can effectively reduce warranty cost for both sides. |
| first_indexed | 2024-03-09T07:11:09Z |
| format | Article |
| id | doaj.art-30cf20457fb44df0a4fcb72a5dc0f080 |
| institution | Directory Open Access Journal |
| issn | 1000-2758 2609-7125 |
| language | zho |
| last_indexed | 2024-03-09T07:11:09Z |
| publishDate | 2019-04-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | Xibei Gongye Daxue Xuebao |
| spelling | doaj.art-30cf20457fb44df0a4fcb72a5dc0f0802023-12-03T09:03:52ZzhoEDP SciencesXibei Gongye Daxue Xuebao1000-27582609-71252019-04-0137239340010.1051/jnwpu/20193720393jnwpu2019372p393Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance01School of Mechanical Engineering, Southeast UniversitySchool of Mechanical Engineering, Southeast UniversityFacing the uncertainty in transaction of two-dimensional extended warranty, a flexible pricing model is presented considering imperfect preventive maintenance combined with the degradation characteristics of item. The measure of two-dimensional preventive maintenance is carried out based on specified age interval or usage interval, the effect of imperfect preventive maintenance is described by age reduction model. The extended warranty cost is modeled from the perspective of manufacturer and customer, the method of gridding search is employed to optimize the maintenance strategy under different cases. Moreover, customized extended warranty price and warranty services are proposed on the basis of consumer usage rates. The results demonstrate that it is helpful to maximize the benefit of vendor by providing customized warranty strategy, the implementation of preventive maintenance during the whole warranty period can effectively reduce warranty cost for both sides.https://www.jnwpu.org/articles/jnwpu/full_html/2019/02/jnwpu2019372p393/jnwpu2019372p393.htmlextended warrantytwo-dimensional preventive maintenanceusage ratecustomized warranty strategyflexible pricing |
| spellingShingle | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance Xibei Gongye Daxue Xuebao extended warranty two-dimensional preventive maintenance usage rate customized warranty strategy flexible pricing |
| title | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance |
| title_full | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance |
| title_fullStr | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance |
| title_full_unstemmed | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance |
| title_short | Research on Pricing of Flexible Two-Dimensional Extended Warranty Considering Preventive Maintenance |
| title_sort | research on pricing of flexible two dimensional extended warranty considering preventive maintenance |
| topic | extended warranty two-dimensional preventive maintenance usage rate customized warranty strategy flexible pricing |
| url | https://www.jnwpu.org/articles/jnwpu/full_html/2019/02/jnwpu2019372p393/jnwpu2019372p393.html |