Optimal scheme in Type II hybrid censoring of Pareto distribution based on cost function criterion

‎A hybrid censoring is a mixture of Type I and Type II censoring schemes‎, ‎which is divided into Type I and Type II hybrid censoring according to the criteria for terminating the test‎. ‎In this article‎, ‎considering Type II hybrid censoring scheme of Pareto distribution‎, ‎the optimal censoring scheme is determined‎. ‎To determine the optimal censoring scheme‎, ‎various factors can be considered‎, ‎the most important of which is the sampling cost criterion‎. ‎Therefore‎, ‎the optimal censoring scheme is determined so that the total cost of the test does not exceed a predetermined value‎. ‎To evaluate the obtained results‎, ‎numerical computations have been performed‎. ‎A real example is also expressed. Finally‎, ‎the conclusion of the article is presented‎.