Authors:
Harpreet Kaur,Reetu Malhotra,DOI NO:
https://doi.org/10.26782/jmcms.spl.11/2024.05.00007Keywords:
Stochastic Model,Reliability,semi-Markov Process,Regenerative Point Technique,Varied Production,comparative analysis,Innovation,Abstract
The present paper is a comparative analysis of a two-unit autoclave system in a manufacturing plant. Most of the studies have been done by considering standby units to remain as good as new ones in this mode, but practically they may be corrupted by any environmental issues. This fact makes us concerned about the standby unit. Two stochastic models were developed based on such concern. Model 1 is constructed based on basically two possibilities; firstly, the standby unit is inspected after a fixed amount of time to check its feasibility. Secondly, either it will be repaired or replaced. Replacement is instant. Model 2 is constructed based on the same assumptions but replacement is not instant, it takes some random amount of time to be replaced. Stochastic analysis uses Markov processes to investigate how these dynamic factors interact and impact system profitability, availability, and dependability. By studying various scenarios about repair prices, replacement costs, inspection frequency, and fluctuating demand patterns, this research provides vital insights into the most effective approaches for handling redundant units and preserving system functionality. The results guide managing complex decision-making processes for safeguarding and maximizing system functionality, which has practical ramifications for sectors and systems that depend on redundancy to guarantee continuity and reliability.Refference:
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