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Abstract
This paper focuses on replacement of equipment in fuzzy environment. Fuzzy set theory is the main tool to emphatic the vagueness parameters which involving in many real life applications. All imprecise costs involved in this fuzzy replacement model are taken as triangular fuzzy numbers. The proposed method gives the optimal replacement time of the replacement problem in fuzzy nature and it is validated using a real life numerical example.
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1 Department of Mathematics, SRM Institute of Science and Technology, Kattankulathur, Chennai, Tamil Nadu, India