Question

1. Replacement model can be written as
(A) static models
(B) dynamic models
(C) both (a) and (b)
(D) none of the above​

Answer 1

Answer:

Replacement models are concerned with the problem of replacement of machines, individuals, capital assets, etc. due to their deteriorating efficiency, failure, or breakdown. ... Replacement of items whose efficiency deteriorates with time, e.g., machine, tools, etc.

Answer 2

Answer:

Replacement model can be written as

STATIC MODELS