Design of random renewing warranties with cost-sharing for mission-oriented products

The rapid evolution of digital technologies is fundamentally transforming reliability management frameworks, necessitating the integration of innovative methodologies as central elements of reliability management modernization. This study proposes a novel random warranty model—the two-limit random renewing back warranty with cost-sharing (2LRRBW CS), from a manufacturer perspective, designed to enhance warranty coverage reliability for mission-critical products. The framework includes several variant models to address different operational scenarios. Comprehensive numerical analyses are performed to elucidate the fundamental variation patterns and operational mechanisms inherent in the proposed warranty models.

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Publication Details

Journal
IET conference proceedings.
Published
2025-12-01
DOI
https://doi.org/10.1049/icp.2025.3669
Primary Topic
Reliability and Maintenance Optimization
Type
article
Field-Weighted Citation Impact
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article

Design of random renewing warranties with cost-sharing for mission-oriented products

Qingan Qiu, Lijun Shang
IET conference proceedings.
Reliability and Maintenance Optimization
article

Design of random renewing warranties with cost-sharing for mission-oriented products

Qingan Qiu, Lijun Shang
article en

Abstract

The rapid evolution of digital technologies is fundamentally transforming reliability management frameworks, necessitating the integration of innovative methodologies as central elements of reliability management modernization. This study proposes a novel random warranty model—the two-limit random renewing back warranty with cost-sharing (2LRRBW CS), from a manufacturer perspective, designed to enhance warranty coverage reliability for mission-critical products. The framework includes several variant models to address different operational scenarios. Comprehensive numerical analyses are performed to elucidate the fundamental variation patterns and operational mechanisms inherent in the proposed warranty models.

IET conference proceedings.Vol. 2025(35)
Beijing Institute of Technology (CN), Foshan University (CN)
Openalex Percentile: Top 52%
Reliability and Maintenance Optimization
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