Warranty Period and Product Price Optimization for Remanufactured Products

Author

Yuxi Liu, University of Wisconsin-MilwaukeeFollow

Date of Award

December 2015

Degree Type

Thesis

Degree Name

Master of Science

Department

Engineering

First Advisor

Wilkistar A. Otieno

Committee Members

Wilkistar A. Otieno, Xiaohang Yue, Hamid Seifoddini

Keywords

Optimization, Remanufactuirng, Renewal Function, Warranty Period

Abstract

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.

Recommended Citation

Liu, Yuxi, "Warranty Period and Product Price Optimization for Remanufactured Products" (2015). Theses and Dissertations. 1063.
https://dc.uwm.edu/etd/1063