Partial product processes and replacement problem

Author: 
Babu D, Govindaraju P and Rizwan U

In this paper, we introduce a partial product process which is a sequence of non-negative random variables such that the distribution function of is and the distribution function of is where are constants and . Then based on this process maintenance model for a deteriorating system under policy N is discussed. An explicit expression for the long run average cost per unit time is derived and numerical example is given.

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