Question: 48. True or False: Consider an optimum replacement interval problem of the type considered in this chapter. If salvage value is negligible regardless of how

48. True or False: Consider an optimum replacement interval problem of the type considered in this chapter. If salvage value is negligible regardless of how long the equipment is used and O&M cost is represented by a uniform annual series, then the equipment in question should not be replaced until it no longer can function.

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