Economic reliability design methods for generalized exponential - Poisson distribution

This article presents, a new three parameter compound distribution named as Generalized Exponential-Poisson distribution is developed towards the performance measures of reliability sampling plan under minimum total cost analysis. Single Acceptance sampling plan is proposed for the truncated life test when the life time of the item follows the GEP distribution. The minimum sample size are obtained when the consumers risk and test termination time are specified. The Operating Characteristic values and sensitivity analysis of the cost parameters are also exhibited for the specified percentile accompanying with the economic designing of the plan. Minimum Total cost function values are given and the results are discussed with the help of table values and it reveals with the suitable real time example.