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A note on optimal price, warranty length and production rate for free replacement policy in static demand markets

Authors
Journal
Omega
0305-0483
Publisher
Elsevier
Volume
40
Issue
6
Identifiers
DOI: 10.1016/j.omega.2011.12.009
Keywords
  • Free Renewal
  • Price
  • Production Rate
  • Warranty Length
  • Weibull Distribution

Abstract

Abstract This note provides some extensions on optimal policies on price, warranty length and production rate proposed by Wu et al. (2009) [1] (Wu, C.C.; Chou, C.Y.; Huang C. Optimal price, warranty length and production rate for free replacement policy in the static demand market. Omega 2009; 37: 29–39.) More specifically, the assumptions of the original paper is extended in this note from the production rate being positive and the second derivative of the demand function with respect to price and warranty-length being negative to no restrictions on both.

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