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The operating costs of a piece of equipment refers to the cost to do scheduled maintenance and emergency repairs to said equipment. Traditionally as a piece of equipment ages the costs to maintain the piece of equipment increases, also the chance of an emergency repair being required increases. Some household examples are cars, furnaces, fridges, computers and etc.

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Q: Why must the operational cost of a piece of equipment used in an overhaul model be an increasing function of time?
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