#1 Replacement Problem in Operation Research | Solved Numerical | Gradually Replacement Problem | Replacement Problem in Operation Research in Hindi | Operation Research Replacement Problem
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In this video we are going to discuss about the replacement problem or replacement theory in Operation research. This theory is used to understand the time of replacing certain items which is not anymore profitable due to its decreasing performance.
In this method you have given a machine or any asset and you have to find out that the asset used by the business is continue to use or it is time to replace that with other, because of its
decrease performance.
So this replacement problem is used to find out the correct time for the replacement of assets.
This theory is divided into two parts
1. Replacement of item deteriorates gradually.
2. Replacement of item break down suddenly.
This video contains 1st part that is deteriorates gradually.
So i hope this video is helpful to you to understand the concept of replacement problem in operation research.
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