Warranty reserving

Charles Tapiero, Morton J. Posner

Research output: Contribution to journalArticle

Abstract

This paper considers a problem of warranty reserving, namely, the current practice of setting aside part of a product revenue to meet future claims arising from the warranty. We define a Compound Poisson stochastic model for warranty claims and reserve and obtain, using a sample paths technique, the long‐run probability distribution of a warranty reserves, managed under alternative warranties and reserve policies.

Original languageEnglish (US)
Pages (from-to)473-479
Number of pages7
JournalNaval Research Logistics
Volume35
Issue number4
DOIs
StatePublished - 1988

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Warranty
Stochastic models
Probability distributions
Compound Poisson
Sample Path
Poisson Model
Stochastic Model
Probability Distribution
Alternatives

ASJC Scopus subject areas

  • Modeling and Simulation
  • Ocean Engineering
  • Management Science and Operations Research

Cite this

Warranty reserving. / Tapiero, Charles; Posner, Morton J.

In: Naval Research Logistics, Vol. 35, No. 4, 1988, p. 473-479.

Research output: Contribution to journalArticle

Tapiero, Charles ; Posner, Morton J. / Warranty reserving. In: Naval Research Logistics. 1988 ; Vol. 35, No. 4. pp. 473-479.
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