A BAYESIAN APPROACH TO THE OPTIMAL WARRANTY LENGTH FOR PARETO DISTRIBUTED PRODUCT WITH THE GENERAL PROGRESSIVE TYPE-II CENSORING SCHEME

A BAYESIAN APPROACH TO THE OPTIMAL WARRANTY LENGTH FOR PARETO DISTRIBUTED PRODUCT WITH THE GENERAL PROGRESSIVE TYPE-II CENSORING SCHEME

The object of the study is to determine the optimal warranty length under free replacement warranty (FRW), pro rata warranty (PRW) and combined warranty policies and the most beneficial warranty scheme to the producer for the product having Pareto life time distribution. A Bayesian approach is used...

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Bibliographic Details
Main Authors: Divya T. Patel, Manharlal N. Patel
Format: Article
Language:English
Published: Center for Quality, Faculty of Engineering, University of Kragujevac, Serbia 2019-09-01
Series:International Journal for Quality Research
Subjects:
Posterior distribution
warranty policy
economic benefit function
warranty cost function
dissatisfaction cost function
general progressive type-II censoring scheme
Online Access:http://ijqr.net/journal/v13-n3/4.pdf

Internet

http://ijqr.net/journal/v13-n3/4.pdf

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