Three models for the fractal time statistics of renewal processes are
suggested. The first two models are related to the industrial replacem
ent. A model assumes that the state of an industrial aggregate is desc
ribed by a continuous positive variable X, which is a measure of its c
omplexity. The failure probability exponentially decreases as the comp
lexity of the aggregate increases. A renewal process is constructed by
assuming that after the occurrence of a breakdown event the defective
aggregate is replaced by a new aggregate whose complexity is a random
variable selected from an exponential probability law. We show that t
he probability density of the lifetime of an aggregate has a long tail
psi(t) similar to t(-1(1+H)) as t --> infinity where the fractal expo
nent H is the ratio between the average complexity of an aggregate whi
ch leaves the system and the average complexity of a new aggregate, Th
e asymptotic behavior of all moments of the number N of replacement ev
ents occurring in a large time interval may be evaluated analytically.
For 1 > H > 0 the mean and the dispersion of N behave as [N(t)] simil
ar to t(H) and [Delta N-2(t)] similar to t(2H) as t --> as which outli
nes the intermittent character of the fluctuations. A second model giv
es a discrete description of industrial replacement. The aggregates ar
e assumed to be made up of variable numbers of basic units. Each basic
unit has a probability a to be associated in an aggregate and a proba
bility beta of being in an active state. An aggregate can work if at l
east a basic unit is in an active state. The mechanism of replacement
is the same as in the first model, the number of basic units from an a
ggregate playing the role of a complexity measure. The probability den
sity of the lifetime has a long tail modulated by a periodic function
in In t: psi(t) similar to t(-1(1+H))Xi(ln t), where H = ln alpha/ln(1
- beta) and Xi(ln t) is a periodic function of In t with a period - I
n(1 - beta). A third model is related to the transmission errors in co
mmunication networks, A network is made up of a large number of commun
ication channels; each channel has a probability alpha to be open and
a probability beta of transmitting a message. The number of open chann
els is a random variable which is kept constant as far as the transmis
sion is possible; if a failure occurs, then the number of open channel
s is changed in a random way, We show that this model is approximately
isomorphic with the second one. The probability density of the time b
etween two successive errors has also an inverse power tail modulated
by a periodic function in In t. The general implications of these mode
ls for the physics of fractal time are analysed.