{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,1]],"date-time":"2025-11-01T02:30:25Z","timestamp":1761964225179},"reference-count":16,"publisher":"World Scientific Pub Co Pte Lt","issue":"03","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Asia Pac. J. Oper. Res."],"published-print":{"date-parts":[[2009,6]]},"abstract":"<jats:p> In this paper we focus on two types of risks, the risk of malfunctioning of a product quantified by its reliability, and the risk of misunderstanding the features and qualities of a product while deciding whether to buy it. The later risk is caused by the information asymmetry, which is a natural property of any communication process. We discuss the relationship between these risks and product warranty. We begin with an overview of warranties from the decision-makers' viewpoint. We elaborate on the purposes, legalities, and types of warranties and follow with a summary of mathematical models and concepts for quantifying the financial implications of warranties of malfunctioning. Further, we propose a model for quantifying the risk of misinforming and elaborate on the relationship between this risk and product warranty. <\/jats:p>","DOI":"10.1142\/s0217595909002274","type":"journal-article","created":{"date-parts":[[2009,7,22]],"date-time":"2009-07-22T12:29:32Z","timestamp":1248265772000},"page":"399-420","source":"Crossref","is-referenced-by-count":14,"title":["ON TWO TYPES OF WARRANTIES: WARRANTY OF MALFUNCTIONING AND WARRANTY OF MISINFORMING"],"prefix":"10.1142","volume":"26","author":[{"given":"DIMITAR","family":"CHRISTOZOV","sequence":"first","affiliation":[{"name":"Department of Computer Science, American University in Bulgaria, Blagoevgrad, Bulgaria"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"STEFANKA","family":"CHUKOVA","sequence":"additional","affiliation":[{"name":"School of Mathematics, Statistics and Computer Science, Victoria University of Wellington, Wellington, New Zealand"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"PLAMEN","family":"MATEEV","sequence":"additional","affiliation":[{"name":"Department of Mathematics and Informatics, University of Sofia \"St. Kliment Ohridski\", Sofia, Bulgaria"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2011,11,20]]},"reference":[{"key":"rf1","doi-asserted-by":"publisher","DOI":"10.2307\/1879431"},{"key":"rf2","author":"Arrow K.","journal-title":"American Economic Review"},{"key":"rf3","volume-title":"Warranty Cost Analysis","author":"Blischke W.","year":"1993"},{"key":"rf4","volume-title":"Product Warranty Handbook","author":"Blischke W.","year":"1996"},{"key":"rf5","volume-title":"Information and Information Systems","author":"Buckalnd M.","year":"1991"},{"key":"rf6","first-page":"825","volume":"106","author":"Chang-Tseh H.","journal-title":"Industrial Management & Data Systems"},{"key":"rf8","first-page":"27","volume":"17","author":"Christozov D.","journal-title":"Pliska Studia Mathematica Bulgarica"},{"key":"rf9","doi-asserted-by":"crossref","first-page":"147","DOI":"10.28945\/879","volume":"3","author":"Christozov D.","journal-title":"Journal of Issues in Informing Science and Information Technology"},{"key":"rf10","doi-asserted-by":"publisher","DOI":"10.1007\/BF01096273"},{"key":"rf11","doi-asserted-by":"publisher","DOI":"10.1016\/S0925-5273(03)00200-7"},{"key":"rf12","doi-asserted-by":"publisher","DOI":"10.1002\/nav.20037"},{"key":"rf14","first-page":"499","volume":"49","author":"Kulkarni V.","journal-title":"Naval Research Logistics Quarterly"},{"key":"rf16","first-page":"236","volume":"79","author":"Murthy P. D.","journal-title":"International Journal of Production Economics"},{"key":"rf17","doi-asserted-by":"publisher","DOI":"10.1016\/S0377-2217(96)00099-9"},{"key":"rf18","doi-asserted-by":"publisher","DOI":"10.1111\/j.1539-6924.1993.tb01329.x"},{"key":"rf19","doi-asserted-by":"publisher","DOI":"10.1111\/j.1539-6924.2005.00659.x"}],"container-title":["Asia-Pacific Journal of Operational Research"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0217595909002274","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,6]],"date-time":"2019-08-06T22:43:21Z","timestamp":1565131401000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0217595909002274"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2009,6]]},"references-count":16,"journal-issue":{"issue":"03","published-online":{"date-parts":[[2011,11,20]]},"published-print":{"date-parts":[[2009,6]]}},"alternative-id":["10.1142\/S0217595909002274"],"URL":"https:\/\/doi.org\/10.1142\/s0217595909002274","relation":{},"ISSN":["0217-5959","1793-7019"],"issn-type":[{"value":"0217-5959","type":"print"},{"value":"1793-7019","type":"electronic"}],"subject":[],"published":{"date-parts":[[2009,6]]}}}