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Consider the model developed (Repair Time Limit Policy). The time to failure of an item has a Weibull distribution with alpha= 10 and beta= 2.5.

Consider the model developed (Repair Time Limit Policy). The time to failure of an item has a Weibull distribution with alpha= 10 and beta= 2.5. Let Cm $50 and Cp $140. Determine the optimal replacement interval and the corresponding optimal expected cost per unit time.

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