| Issue |
E3S Web Conf.
Volume 591, 2024
International Conference on Renewable Energy Resources and Applications (ICRERA-2024)
|
|
|---|---|---|
| Article Number | 09002 | |
| Number of page(s) | 16 | |
| Section | Material Engineering | |
| DOI | https://doi.org/10.1051/e3sconf/202459109002 | |
| Published online | 14 November 2024 | |
Study of the Behavior of Block Replacement Model (BRM) Using Higher Order Markov Chain in Varying Inflationary Economy
1 Professor of ME, Annamacharya Institute of Technology and Sciences, Tirupati, Andhra Pradesh, India
2 Assistant Professor of Physics, Annamacharya Institute of Technology and Sciences, Tirupati, Andhra Pradesh, India
* nadamuni_reddy@rediffmail.com
** drramya.physics@gmail.com
Influence of inflation on block replacement of the computers in ICT industry by using Markov chain is spotlighted in the present paper. The concept of minor, major repairs, breakdown and failure have been discussed in detail. Replacement decisions for variable maintenance costs has been thoroughly investigated and the results are presented. Replacement age in years is calculated for forecasted inflation, rapid increase in inflation and sluggish increase in inflation.
Key words: Block replacement / Markov Chain / Inflation / Regression / Rapid trend / Sluggish trend
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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