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

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dc.contributor.authorBertilsson, Johan
dc.contributor.authorLjungqvist, Gustav
dc.contributor.authorVedadi, Amir
dc.contributor.authorWesterlund, Annie
dc.contributor.departmentChalmers tekniska högskola / Institutionen för matematiska vetenskapersv
dc.contributor.departmentChalmers University of Technology / Department of Mathematical Sciencesen
dc.date.accessioned2019-07-03T13:18:10Z
dc.date.available2019-07-03T13:18:10Z
dc.date.issued2013
dc.description.abstractThe 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.
dc.identifier.urihttps://hdl.handle.net/20.500.12380/185569
dc.language.isoeng
dc.setspec.uppsokPhysicsChemistryMaths
dc.subjectGrundläggande vetenskaper
dc.subjectMatematik
dc.subjectBasic Sciences
dc.subjectMathematics
dc.titleOptimization of Extended Warranties - A Model in a Centralized Supply Chain Environment
dc.type.degreeExamensarbete för kandidatexamensv
dc.type.degreeBachelor Thesisen
dc.type.uppsokM2
local.programmeEngineering Mathematics (300 hp)
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