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LEARNING OBJECTIVES

LEARNING OBJECTIVES

  1. 1.   Understanding that depreciable assets have to be replaced.
  2. 2.   Formulation of assumptions of Replacement Theory.
  3. 3.   Understanding replacement policy for such items whose maintenances cost increases with time an; also the money value changes with time (at constant rate).
  4. 4.   Understand the mechanism of systems failing suddenly.

Discuss group replacement policy.