Question: 4.3. Consider the triangular lifetime density function f(x) = 2x, for 0 < x < 1. Determine the optimal replacement age in an age replacement

4.3. Consider the triangular lifetime density function f(x) = 2x, for 0 < x < 1. Determine the optimal replacement age in an age replacement model with replacement cost K = 1 and failure penalty c = 4 (cf. the example in Section 4.1).

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