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Keywords: Renewal process
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Journal Articles
Journal of Quality in Maintenance Engineering (2021) 27 (1): 107–128.
Published: 12 June 2020
... and stochastic point processes are applied for the analysis of a typical computerized numerical control turning center (CNCTC) and governing equations for acquisition cost, operation cost, failure cost, support cost and net salvage value are developed. The LCC of the CNCTC is evaluated for the renewal process...
