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Game-Theoretic Models for EW/MSC Decision-Making

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Extended Warranties, Maintenance Service and Lease Contracts

Part of the book series: Springer Series in Reliability Engineering ((RELIABILITY))

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Abstract

As mentioned in Chapter 6, game theory (GT) is the appropriate framework to use to study the decision problems for the different parties involved and obtain their optimal decisions. The GT approach to decision-making is described in Chap. 4

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Notes

  1. 1.

    M/M/S is a queue with arrivals occurring according to a Poisson process (or inter-arrival times being exponentially distributed), service time exponentially distributed and S is the number of servers. Further details can be found in most books on queuing theory, see, for example, Gross and Harris (1974).

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Authors and Affiliations

  1. School of Mechanical and Mining Engineering, University of Queensland, Brisbane, Australia

    D. N. P. Murthy

  2. Dundee Business School, University of Abertay Dundee, Dundee, UK

    Nat Jack

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  1. D. N. P. Murthy
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  2. Nat Jack
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Correspondence to D. N. P. Murthy .

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Murthy, D.N.P., Jack, N. (2014). Game-Theoretic Models for EW/MSC Decision-Making. In: Extended Warranties, Maintenance Service and Lease Contracts. Springer Series in Reliability Engineering. Springer, London. https://doi.org/10.1007/978-1-4471-6440-1_8

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  • DOI: https://doi.org/10.1007/978-1-4471-6440-1_8

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  • Publisher Name: Springer, London

  • Print ISBN: 978-1-4471-6439-5

  • Online ISBN: 978-1-4471-6440-1

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