Warranty cost analysis for second-hand products

@article{Chattopadhyay2000WarrantyCA,
  title={Warranty cost analysis for second-hand products},
  author={Gopinath Chattopadhyay and D. N. Prabhakar Murthy},
  journal={Mathematical and Computer Modelling},
  year={2000},
  volume={31},
  pages={81-88}
}
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This paper presents an empirical investigation of adverse selection in the wholesale used car market. New car dealers (who sell both new and used cars) differ from used car dealers (who sell only
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Two types of preventive maintenance policies are considered. A policy is defined to be optimum if it maximizes “limiting efficiency,” i.e., fractional amount of up-time over long intervals.