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hi welcome to my channel in this video we are going to see replacement models in operation research ok before we see the problem please subscribe this channel and hit the bell icon to get the further notification of my new uploads now let us see what is the replacement model briefly then we will see the problem ok see replacement model is used in the decision-making process offer replacing a used equipment or used a setter with a substitute mostly a new equipment or newer set for better usage ok this is the meaning of replacement ok see why we need to replace an asset the reason is the assert value or the efficiency of the asset is gradually decreased lesser with the passage of time ok at the same time the maintenance cost or running cost of a particular equipment a particular asset is gradually increases with the passage of time ok both item always more opposite direction the efficiencies gradually decreases and the maintenance cost is gradually increases okay see in one particular ti
