A bivariate replacement policy (T, N) under partial product process
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https://doi.org/10.58414/SCIENTIFICTEMPER.2024.15.2.15Keywords:
Partial Product Process, Replacement Policy, Shock Models.Dimensions Badge
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Considering an extreme shock maintenance model for a degenerative simple repairable system, explicit expressions for the long-run average cost under the bivariate replacement policy (T, N) has been obtained. The existence of the optimal value of (T, N) has been deduced. A numerical example is included to illustrate the theoretical results.Abstract
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