作者:KAO, EPC; SMITH, MS
摘要:In a paper published in this journal, Mamer (1987) studies the expected costs to producers and benefits to consumers of three types of product warranty: the ordinary free replacement warranty, the unlimited free replacement warranty, and the pro-rata warranty. In addition to assuming a random product lifetime, Mamer's models allow for randomness in consumer repurchase behavior and for the possibility of an independent damage process acting on products sold under warranty. The criteria for eval...