replacement theory, Operation Research

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These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete

Big M method, Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

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