The document discusses different page replacement algorithms used in operating systems including FIFO, LRU, and optimal page replacement. FIFO replaces the oldest page accessed. LRU replaces the least recently used page using counters or a stack. The optimal algorithm would replace the page that will not be used for the longest time in the future, but this is difficult to implement since the future cannot be predicted. The optimal algorithm results in the fewest page faults on average in examples, but LRU is most commonly used in practice.