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Warranty and Preventive Maintenance for Remanufactured Products - Modeling and Analysis (Paperback)
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Warranty and Preventive Maintenance for Remanufactured Products - Modeling and Analysis (Paperback)
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The exponential increase in the development of technology coupled
with the customers' immense desire to possess the newest
technological products makes for truncated product lifespans, which
instigates a substantial upsurge in their rate of disposal.
Attempts have been made to establish specialized product recovery
facilities with the intention of diminishing the volume of
accumulated waste delivered to landfills using product recovery
procedure such as remanufacturing. The economic benefits produced
by remanufacturing also portray the role of product recovery in a
more attractive light. The quality of a remanufactured product is
uncertain for some consumers. Therefore, these consumers possess
insecurities in deciding whether or not the remanufactured products
will render the same expected performance. This ambiguity regarding
a remanufactured product could possibly result in the consumer
deciding against its purchase. With such consumer apprehension,
remanufacturers often seek market mechanisms that provide
reassurance as to the stable durability that these products still
maintain. One strategy that the remanufacturers often use is the
utilization of the premise of offering product warranties with
preventive maintenance on their products. This book is concerned
with the practice and theory of warranty management and preventive
maintenance, particularly in relation to remanufactured products'
warranties. Models developed in this book can be used for making
the right decisions in offering renewable, nonrenewable, one and
two dimensional warranty policies, and for managerial decision in
considering maintenance contracts or outsourcing maintenance for
remanufactured components and products. Features Discusses a
variety of warranty policies and preventive maintenance of
remanufactured products (first book to do so) Presents mathematical
models and applications for warranty policies using examples and
simulation results Considers cost and optimization problems from
the remanufacturer's and buyer's points of views Provides a
foundation for academicians interested in building models in the
area of warranty and preventive maintenance analysis of
remanufactured products Offers the essential methodology needed by
practitioners involved with warranty and preventive maintenance
analysis, along with extensive references for further research
General
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