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Looking for Replacement Theory PDF? here we have provided the pdf of Replacement Theory. The Replacement Theory in Operations Research is used in the decision making process of replacing a used equipment with a substitute; mostly a new equipment of better usage. The replacement might be necessary due to the deteriorating property or failure or breakdown of particular equipment. The „Replacement Theory‟ is used in the cases like; existing items have out-lived, or it may not be economical anymore to continue with them, or the items might have been destroyed either by accident or otherwise.
Replacement Theory PDF Details
|PDF Name||Replacement Theory PDF|
|PDF Size||487 KB|
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Ans: The Replacement Theory in Operations Research is used in the decision making process of replacing a used equipment with a substitute; mostly a new equipment of better usage. The replacement might be necessary due to the deteriorating property or failure or breakdown of particular equipment.
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