Purpose – The purpose of this paper is to review and develop stochastic models for the evaluation of the expected warranty cost, from dealer's viewpoint, for second hand items sold under different warranty policies. Design/methodology/approach – This study makes a useful contribution to the...

Purpose – To provide a brief introduction to warranty analysis and a classification of general repairs. To introduce the notion of accelerated probability distribution and use it to model imperfect warranty repairs. Design/methodology/approach – The notion of accelerated probability...