Optimization of mean life of brands under cost constraints with an empirical study on mobile handsets
International Journal of Quality & Reliability Management
ISSN: 0265-671X
Article publication date: 12 April 2013
Abstract
Purpose
To a customer, higher quality is synonymous to higher expected life. Therefore, the purpose of this paper is to determine the existing life of the competing brands in a product field and suggest an improvement plan, under cost constraints, so that all the brands can be placed on a comparable scale.
Design/methodology/approach
For this, we consider Cox proportional hazard model for estimation of the mean life and suggest an optimization procedure for improving mean life under cost constraint. As the cost of redesigning the product is mostly known, the authors propose to take corresponding repairing cost as their surrogates and optimize the expected life for each brand subject to a fixed level of cost.
Findings
From Cox's model one can identify the causes of failure for the brands under consideration. Further, under the optimization techniques proposed herein one can order the brands for comparison purpose.
Practical implications
We have applied the proposed optimization techniques for ordering mobile handsets. In fact, based on the result obtained by our proposed method, the design engineers or the brand planners can take necessary actions to increase the product life, correct product design and improve the product performance.
Originality/value
The cost minimization approach under Cox's cause‐wise setup can provide a tool for comparing different brands of different prices and order them to know the best performer.
Keywords
Citation
Tiwari, A. and Roy, D. (2013), "Optimization of mean life of brands under cost constraints with an empirical study on mobile handsets", International Journal of Quality & Reliability Management, Vol. 30 No. 4, pp. 366-378. https://doi.org/10.1108/02656711311308367
Publisher
:Emerald Group Publishing Limited
Copyright © 2013, Emerald Group Publishing Limited