Hi,
Flashing of the LCD screen means the inverter is failing. Usually they just flash a few times, then no picture. The inverter is the unit that powers the back lights that project through the LCD screen. For the majority of LCD TVs, inverters are supplied with a separate power source from the power supply, depending on the manufacturer, it can be 24vdc or 60vdc.
With the repeated flashing, I would say its the inverter and not the power supply, as the inverter uses transformers and oscillators to generated the voltage for the backlights.
In the US an inverter board (the board is replaced), runs about $180 and average $75 for labor.
Other than this, it could be Power Supply Problem, MainBoard or the Problem with Panel itself which needs more troubleshooting.
Let me know, if needed further assistance.
Hope i helped you.
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