Optimal Replacement Policy under Partial Product Process in an Alternative Repair Model

Abstract

A common assumption in replacement problems is that the repair of a failed system may yield a functioning system, which may be either as good as new (complete repair) or as old as just prior to failure (partial repair). In this paper, we study the partial product process and replacement model for a deteriorating system under various conditions and a repairable system of an alternative repair model, called the Negligible Or Non-Negligible (NONN) repair times introduced by Thangaraj and Rizwan [2001] to develop a new repair model, a replacement policy  NONN repair time. Furthermore, explicit expressions for the long-run average cost of the  policy is to be derived. An optional replacement policy for a deteriorating system using partial product process is developed.