Optimization of Extended Warranties - A Model in a Centralized Supply Chain Environment

Examensarbete för kandidatexamen

Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.12380/185569
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Type: Examensarbete för kandidatexamen
Bachelor Thesis
Title: Optimization of Extended Warranties - A Model in a Centralized Supply Chain Environment
Authors: Bertilsson, Johan
Ljungqvist, Gustav
Vedadi, Amir
Westerlund, Annie
Abstract: The market of extended warranties is increasing rapidly and as customers’ demand better warranty terms, the need to optimize warranty strategies for manufacturers arises accordingly. This project constructs two different types of extended warranty policies and compares their associated optimal profit. Results are obtained by solving a nonlinear optimization model in MATLAB and a sensitivity analysis is conducted on some of the input parameters. The findings from the results are that, while one of the policies turns out to be the better one, both are still profitable and that there exists potential in today’s market for introducing the evaluated policies on products with certain failure behavior.
Keywords: Grundläggande vetenskaper;Matematik;Basic Sciences;Mathematics
Issue Date: 2013
Publisher: Chalmers tekniska högskola / Institutionen för matematiska vetenskaper
Chalmers University of Technology / Department of Mathematical Sciences
URI: https://hdl.handle.net/20.500.12380/185569
Collection:Examensarbeten för kandidatexamen // Bachelor Theses



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