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Economic impact analysis tool for equipment under warranty

  • US 20030033170A1
  • Filed: 08/09/2001
  • Published: 02/13/2003
  • Est. Priority Date: 08/09/2001
  • Status: Abandoned Application
First Claim
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1. A method of quantifying the economic effect of providing a product with a product warranty, comprising the acts of:

  • developing a statistical model of a product”

    s failure rate;

    developing a model of the cost over time of a product having a product warranty; and

    calculating an effective cost of the product from the statistical model of a product”

    s failure rate and the model of the cost over time of a product having a product warranty.

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