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Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability

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Bibliographic Details
Main Authors: Jafar Raam, Bejandi, Mahsa, Soltani-Neshan
Other Authors: m.soltani20@ut.ac.ir
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2016
Subjects:
Remanufacture
Refurbish
Used products
Medical market
Product life cycle
Warranty cost
Profitability
Analyzing failure data
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40727
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spelling my.unimap-407272016-07-21T02:04:11Z Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability Jafar Raam, Bejandi Mahsa, Soltani-Neshan m.soltani20@ut.ac.ir Remanufacture Refurbish Used products Medical market Product life cycle Warranty cost Profitability Analyzing failure data Link to publisher's homepage at http://ijbt.unimap.edu.my Estimating cost and profitability of warranty are the most important factors in managers’ decision making. Today employing the remanufactured and refurbished strategies are the best choices to use the best equipment as well as manage the operational cost. It also helps to enhance the profitability and protect the environment from e-waste. Although used products give an opportunity to purchase latest technology, customers are doubtful about quality and reliability of these products. Because of limitation of buying used products, some countries set warranty requirement to ensure reliability. In this paper, we aim to have a comparative view between two upgrading strategies named refurbished, remanufactured and estimating the effect of selecting these strategies on warranty cost and company’s profitability, and on the other hand, we compare this result with new product outcome. For this purpose, the failure data of 60 medical devices of a leading company has analyzed from 2013 to 2014. For each strategy (performing remanufactured,performing refurbished and buying new products), 10 devices were selected and monitored over a year. The result shows that remanufactured strategy causes reasonable warranty costs and profitability. This help manager to have a deep understanding, and decide on the profitable strategies leads to improve their competitiveness. 2016-01-06T03:36:54Z 2016-01-06T03:36:54Z 2015-10 Article International Journal of Business and Technopreneurship, vol.5(3), 2015, pages 407-420 2231-7090 http://ijbt.unimap.edu.my http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40727 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Remanufacture
Refurbish
Used products
Medical market
Product life cycle
Warranty cost
Profitability
Analyzing failure data
spellingShingle Remanufacture
Refurbish
Used products
Medical market
Product life cycle
Warranty cost
Profitability
Analyzing failure data
Jafar Raam, Bejandi
Mahsa, Soltani-Neshan
Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
description Link to publisher's homepage at http://ijbt.unimap.edu.my
author2 m.soltani20@ut.ac.ir
author_facet m.soltani20@ut.ac.ir
Jafar Raam, Bejandi
Mahsa, Soltani-Neshan
format Article
author Jafar Raam, Bejandi
Mahsa, Soltani-Neshan
author_sort Jafar Raam, Bejandi
title Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
title_short Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
title_full Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
title_fullStr Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
title_full_unstemmed Comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
title_sort comparative studies of three types of product policies (remanufactured, refurbished and new products) on warranty cost and profitability
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2016
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40727
_version_ 1643799463790116864
score 13.214268

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