TY - JOUR T1 - Bayesian approaches for optimizing warranty length of products TT - روش بیزی برای بهینه‌سازی طول گارانتی محصولات JF - Andishe-_ye-Amari JO - Andishe-_ye-Amari VL - 22 IS - 2 UR - http://andisheyeamari.irstat.ir/article-1-462-en.html Y1 - 2018 SP - 21 EP - 26 KW - ‎Dissatisfaction cost‎ KW - ‎economic benefit‎ KW - ‎posterior predictive distribution‎ KW - ‎warranty cost‎. N2 - ‎Today's manufacturers face increasingly intense competition and to remain profitable they needed to design‎, ‎develop and produce high reliable products‎. ‎One way by which manufacturers attract consumers to their products is by providing warranties on the products‎. ‎Consumers are willing to purchase a longer warranty period product‎. ‎While maintaining such a policy needs very high cost for manufacturers‎. ‎Determining the appropriate warranty length becomes an important decision problem for manufacturers‎. ‎In this article‎, ‎by Bayesian approach and using an appropriate utility function‎, ‎we determine the optimal warranty lengths for product with exponential life time distribution‎. M3 ER -