Question: 7.4.3 Consider the triangular lifetime density function f .x/ D 2x, for 0 < x < 1. Determine the optimal replacement age in an age

7.4.3 Consider the triangular lifetime density function f .x/ D 2x, for 0 < x < 1. Determine the optimal replacement age in an age replacement model with replacement cost K D 1 and failure penalty c D 4 (cf. the example in Section 7.4.1).

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