Warranty reserving

Charles S. Tapiero; Morton J. Posner

doi:10.1002/1520-6750(198808)35:4<473::AID-NAV3220350403>3.0.CO;2-C

Warranty reserving

Charles S. Tapiero, Morton J. Posner

Finance and Risk Engineering

Research output: Contribution to journal › Article › peer-review

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 language	English (US)
Pages (from-to)	473-479
Number of pages	7
Journal	Naval Research Logistics (NRL)
Volume	35
Issue number	4
DOIs	https://doi.org/10.1002/1520-6750(198808)35:4<473::AID-NAV3220350403>3.0.CO;2-C
State	Published - Aug 1988

ASJC Scopus subject areas

Modeling and Simulation
Ocean Engineering
Management Science and Operations Research

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10.1002/1520-6750(198808)35:4<473::AID-NAV3220350403>3.0.CO;2-C

Cite this

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title = "Warranty reserving",

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.",

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AB - 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.

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Warranty reserving

Abstract

ASJC Scopus subject areas

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