OPTIMAL PRICE AND RELEASE TIME OF A SOFTWARE UNDER WARRANTY.
Saved in:
| Title: | OPTIMAL PRICE AND RELEASE TIME OF A SOFTWARE UNDER WARRANTY. |
|---|---|
| Authors: | KAPUR, P. K.1, YAMADA, SHIGERU2, AGGARWAL, ANU G.3, SHRIVASTAVA, AVINASH KUMAR3 |
| Source: | International Journal of Reliability, Quality & Safety Engineering. Jun2013, Vol. 20 Issue 3, p-1. 14p. 2 Charts. |
| Subjects: | Computer software marketing, Computer software quality control, Software validation, Computer software development, Software reliability, Mathematical optimization, Warranty, Computer software |
| Abstract: | The time of domination has ended. Competition is "in". To get prolonged huge profit in highly competitive markets, firms need some effective tools and techniques. An instrument for competitive advantage in such prevailing cut throat environment is product differentiation. The general differentiation factors can be the product or service offerings through the value added services or offerings through product extensions and one of the most important differentiating factors amongst all is product warranty. Warranty is seller assurance to a buyer that a product will carry out as stated and this promise works as a confidence for the buyer in purchasing the product. But servicing a warranty engages additional costs to the manufacturer and this has an effect on the profit levels. Warranty cost may be reduced by providing higher reliable product. The conflict existing in the context of software reliability, warranty period and selling price need to be considered jointly. In this paper, we develop an optimization model to determine the optimal price, time to stop testing under a given warranty period with constraint on reliability and sales of the software product so as to maximize the profit. Numerical examples have been done to illustrate the proposed model. [ABSTRACT FROM AUTHOR] |
| Copyright of International Journal of Reliability, Quality & Safety Engineering is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
|---|---|
| Header | DbId: egs DbLabel: Engineering Source An: 88410779 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
| IllustrationInfo | |
| Items | – Name: Title Label: Title Group: Ti Data: OPTIMAL PRICE AND RELEASE TIME OF A SOFTWARE UNDER WARRANTY. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22KAPUR%2C+P%2E+K%2E%22">KAPUR, P. K.</searchLink><relatesTo>1</relatesTo><br /><searchLink fieldCode="AR" term="%22YAMADA%2C+SHIGERU%22">YAMADA, SHIGERU</searchLink><relatesTo>2</relatesTo><br /><searchLink fieldCode="AR" term="%22AGGARWAL%2C+ANU+G%2E%22">AGGARWAL, ANU G.</searchLink><relatesTo>3</relatesTo><br /><searchLink fieldCode="AR" term="%22SHRIVASTAVA%2C+AVINASH+KUMAR%22">SHRIVASTAVA, AVINASH KUMAR</searchLink><relatesTo>3</relatesTo> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22International+Journal+of+Reliability%2C+Quality+%26+Safety+Engineering%22">International Journal of Reliability, Quality & Safety Engineering</searchLink>. Jun2013, Vol. 20 Issue 3, p-1. 14p. 2 Charts. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Computer+software+marketing%22">Computer software marketing</searchLink><br /><searchLink fieldCode="DE" term="%22Computer+software+quality+control%22">Computer software quality control</searchLink><br /><searchLink fieldCode="DE" term="%22Software+validation%22">Software validation</searchLink><br /><searchLink fieldCode="DE" term="%22Computer+software+development%22">Computer software development</searchLink><br /><searchLink fieldCode="DE" term="%22Software+reliability%22">Software reliability</searchLink><br /><searchLink fieldCode="DE" term="%22Mathematical+optimization%22">Mathematical optimization</searchLink><br /><searchLink fieldCode="DE" term="%22Warranty%22">Warranty</searchLink><br /><searchLink fieldCode="DE" term="%22Computer+software%22">Computer software</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The time of domination has ended. Competition is "in". To get prolonged huge profit in highly competitive markets, firms need some effective tools and techniques. An instrument for competitive advantage in such prevailing cut throat environment is product differentiation. The general differentiation factors can be the product or service offerings through the value added services or offerings through product extensions and one of the most important differentiating factors amongst all is product warranty. Warranty is seller assurance to a buyer that a product will carry out as stated and this promise works as a confidence for the buyer in purchasing the product. But servicing a warranty engages additional costs to the manufacturer and this has an effect on the profit levels. Warranty cost may be reduced by providing higher reliable product. The conflict existing in the context of software reliability, warranty period and selling price need to be considered jointly. In this paper, we develop an optimization model to determine the optimal price, time to stop testing under a given warranty period with constraint on reliability and sales of the software product so as to maximize the profit. Numerical examples have been done to illustrate the proposed model. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of International Journal of Reliability, Quality & Safety Engineering is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=88410779 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1142/S0218539313400044 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 14 StartPage: -1 Subjects: – SubjectFull: Computer software marketing Type: general – SubjectFull: Computer software quality control Type: general – SubjectFull: Software validation Type: general – SubjectFull: Computer software development Type: general – SubjectFull: Software reliability Type: general – SubjectFull: Mathematical optimization Type: general – SubjectFull: Warranty Type: general – SubjectFull: Computer software Type: general Titles: – TitleFull: OPTIMAL PRICE AND RELEASE TIME OF A SOFTWARE UNDER WARRANTY. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: KAPUR, P. K. – PersonEntity: Name: NameFull: YAMADA, SHIGERU – PersonEntity: Name: NameFull: AGGARWAL, ANU G. – PersonEntity: Name: NameFull: SHRIVASTAVA, AVINASH KUMAR IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 06 Text: Jun2013 Type: published Y: 2013 Identifiers: – Type: issn-print Value: 02185393 Numbering: – Type: volume Value: 20 – Type: issue Value: 3 Titles: – TitleFull: International Journal of Reliability, Quality & Safety Engineering Type: main |
| ResultId | 1 |
