Advances in Decision Sciences / 2009 / Article / Fig 1

Research Article

Warranty Optimization in a Dynamic Environment

Figure 1

In (a) are represented several profit functions, with 𝑝 𝑖 representing the profit function in round 𝑖 . In (b) is represented the warranty offered, as a function of the round number, by various algorithms. (c) represents the profit earned, as a function of the round number, by each algorithm. Finally, (d) represents the average regret of the two algorithms, 𝒜 𝑓 and 𝒜 𝑏 . The algorithm “opt_fixed” selects a single, optimal warranty for all rounds. The algorithm “opt_round” selects the optimal warranty in each round.
(a) Profit functions
(b) Warranty period
(c) Profit
(d) Average regret

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