Department of Mathematics, Panjab University, Chandigarh, sharma.rajat056@gmail.com
Online published on 16 September, 2023.
In the current paper, we discussed a novel method for performance valuation of a paint manufacturing plant in which five subsystems are associated in series configuration. Taking failure and repair rates constant. A state diagram of the framework depicting the transition rates is drawn. RPGT is used to create expressions for path probabilities such as mean sojourn times, mean time to system failure, system availability, server busy period, and expected number of server visits. Using Regenerative Point Graphical Technique, a profit analysis of the system is performed, which may be valuable to management in sustaining the various components of the system (RPGT). To compare and draw a conclusion, tables and graphs are created.
RPGT, Profit Analysis, System Parameters