Bivariate optimal replacement policy for a multi state degenerative system with varying cost structures under quasi renewal process

Author: 
Rizwan U and Usman Baig R

In this paper, we introduce and study the bivariate optimal replacement policy for a multistate degenerative system with varring cost structure under quasi renewal process. Explicit expression for the cost structure under the bivariate replacement policy (T,N) is derived. Minimization of the cost expression is also deduced.

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