A performance-based warranty for products subject to competing hard and soft failures

• Published in: International journal of production economics Vol. 233; p. 107974
• Main Authors: Wang, Xiaolin, Liu, Bin, Zhao, Xiujie
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.03.2021; Elsevier Science Publishers
• Subjects: Competing risks; Performance deterioration; Warranty; Warranty policy design; Performance deterioration; Competing risks; Warranty; Warranty policy design

This article studies a performance-based warranty for products subject to competing hard and soft failures. The two failure modes are competing in the sense that either one, on a “whichever-comes-first” basis, can cause the product to fail. A performance-based warranty not only covers the repair or...