Concurrent optimization of product family configuration and component warranty police

With the gradually drastic competition in market, the product family planning is considered an effective way to provide diversity products with large-scale economic benefits. As the commitment of enterprises to their product quality and after-sales additional service, product warranty is increasingly becoming a powerful tool for enterprises to improve competitiveness and expand the market. Although many researchers have studied about product family configuration, product warranty is not fully considered. To this end, this article proposes an optimization method to decide product family configuration and product warranty length in parallel. In addition, the solving method is given to deal with the optimization problem. Finally, the proposed approach is verified through an example.