Engineering Economic Decisions and Warranties

Warranties are essential in marketing products and meeting competition in today's global economy. The inherent risks and uncertainties in the processes and markets present challenges in accounting for the associated costs and incorporating them in planning and economic decisions. Over the past...

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Published in:The Engineering economist 2005-10, Vol.50 (4), p.307-326
Main Author: Thomas, Marlin U.
Format: Article
Language:English
Subjects:
Decision making
Economic models
Product quality
Studies
Warranties
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description Warranties are essential in marketing products and meeting competition in today's global economy. The inherent risks and uncertainties in the processes and markets present challenges in accounting for the associated costs and incorporating them in planning and economic decisions. Over the past 40 years, considerable work has been done in developing quantitative methods for analyzing warranties but the integration of warranties in engineering economic studies has been slow to evolve. This article provides an update on these methods.
doi_str_mv 10.1080/00137910500348327
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source ABI/INFORM Global (ProQuest); Taylor and Francis Science and Technology Collection; BSC - Ebsco (Business Source Ultimate)
subjects Decision making
Economic models
Product quality
Studies
Warranties
title Engineering Economic Decisions and Warranties
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