MAKING AN EXTENDED WARRANTY COVERAGE DECISION
First Claim
1. A computer-implemented method for making an extended warranty coverage decision comprising:
- determining, by the computer, a customer'"'"'s expected cost of terminating the extended warranty coverage;
determining, by the computer, the customer'"'"'s expected cost of continuing the extended warranty coverage;
comparing, by the computer, the expected cost of terminating the extended warranty coverage and the expected cost of continuing the extended warranty coverage; and
determining, by the computer, the extended warranty coverage decision based on the comparison.
2 Assignments
0 Petitions
Accused Products
Abstract
Systems, methods, and machine-readable and executable instructions are provided for making an extended warranty coverage. Making an extended warranty decision can include determining by a computer, a customer'"'"'s expected cost of terminating the extended warranty coverage, determining, by the computer, the customer'"'"'s expected cost of continuing the extended warranty coverage, and comparing, by the computer, the expected cost of terminating the extended warranty coverage and the expected cost of continuing the extended warranty coverage. Making an extended warranty decision can also include determining, by the computer, the extended warranty coverage decision based on the comparison.
11 Citations
15 Claims
-
1. A computer-implemented method for making an extended warranty coverage decision comprising:
-
determining, by the computer, a customer'"'"'s expected cost of terminating the extended warranty coverage; determining, by the computer, the customer'"'"'s expected cost of continuing the extended warranty coverage; comparing, by the computer, the expected cost of terminating the extended warranty coverage and the expected cost of continuing the extended warranty coverage; and determining, by the computer, the extended warranty coverage decision based on the comparison. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A non-transitory machine-readable medium storing a set of instructions for making an extended warranty coverage decision executable by a computer to cause the computer to:
-
determine a probability of product failure; receive at least one customer abandonment probability; compare a customer'"'"'s expected cost of terminating the extended warranty coverage and a customer'"'"'s expected cost of continuing the extended warranty coverage; determine an extended warranty provider'"'"'s expected extended warranty profit based on the comparison, the probability of product failure, an extended warranty premium, and the at least one customer abandonment probability; and determine a customer'"'"'s expected extended warranty coverage duration based on the comparison, the probability of product failure, the extended warranty premium, and the at least one customer abandonment probability. - View Dependent Claims (9, 10)
-
-
11. A computing system for making an extended warranty coverage decision comprising:
-
a memory; a processor resource coupled to the memory, to; determine an extended warranty market type; determine a probability of product failure for a segment of the market type; determine at least one customer abandonment probabilities for the segment; determine a proportion of the extended warranty market that the segment represents; and determine an extended warranty premium based on the market type, the probability of product failure, the at least one customer abandonment probability, and the proportion. - View Dependent Claims (12, 13, 14, 15)
-
Specification