If you have chosen to use the served license model, make sure that you have installed the required SySAM license server version.
SySAM license server version
Replication Server Options 15.7.1 SP200 requires SySAM 2.3 or later. To determine the current SySAM license server version, use the sysam version command.
Download the latest SySAM from http://service.sap.com/patches.
Replication Agent 15.7.1 SP200 and SySAM 2.3 use the FlexNet Publisher version 11.11 on all platforms except on Windows, Red Hat Enterprise Linux, and SuSE Linux Enterprise Server, all of which use version 11.11.1.
To check the version of FlexNet Publisher used by your license server, examine the license server log, or
cd $SYBASE/SYSAM-2_0/bin ./lmgrd -v
cd %SYBASE%\SYSAM-2_0\bin lmgrd -v