Volume 20 No 22 (2022)
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Economic Analysis of a Reliability Model for a System with Conditional Warranty and Consideration of Insurance with Depreciation
Monika Solkhe,Gulshan Lal Taneja
Econometry matrix of a stochastic model which includes recovery under conditional warranty/insurance are being discussed with a system functioningwithin the warranty and after expiry of warranty.Iffaultof the system iscoveredwithinwarrantyconditions,themanufacturerhave to bear all the expenses forallrepair/replacement whichotherwiserepaidundertheinsurance ifcoveredunderaninsuranceclaim,orelse,When the cost of the fault is not covered by the warranty terms or the insurance policy, the user is responsible for all costs.Theeffectiveness of the system related withtheuserandthemanufacturer profitsareexamined using the regenerative point process.The availability and Profitequationshavebeen runforallwarranty/non- warranty periods
Conditional Warranty, Insurance, Reliability, Econometry
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