1st Edition
by Ammar Y. Alqahtani (Author), Surendra M. Gupta (Author)
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
