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Draw a graph to show the costs of preventive maintenance, breakdown maintenance, and total maintenance as a function of maintenance commitment. How do you solve
Draw a graph to show the costs of preventive maintenance, breakdown maintenance, and total maintenance as a function of maintenance commitment. |
How do you solve for the lowest total maintenance cost? How do you find the optimal maintenance commitment? |
Just describe the general approach (based on one of the fundamentals of mathematical optimization). |
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