Optimal decisions on product reliability, sales and promotion under nonrenewable warranties

With the rapid development of technologies and the consequent emergence of new business modes, products such as smart phones and personal computers have come to have relatively short lifecycles. As a result, products are designed, produced, and sold to accommodate the shorter lifecycles. From a practical point of view, the sales of products are assumed to have two phases: regular sales and promotions/disposal. In this paper, we propose an...