Reference string $:7, 2, 3, 1, 2, 5, 3, 4, 6, 7, 7, 1$
$\textbf{Optimal page replacement:}$
1.$7,2,3-3$ page faults
2.$1,2,3$
3.$1,5,3$
4.$1,5,4$
5.$1,5,6$
6.$1,5,7$
Total $8$ page faults.
$\textbf{LRU:}$
1.$7,2,3-3$ page faults
2.$1,2,3$
3.$1,2,5$
4.$3,2,5$
5.$3,4,5$
6.$3,4,6$
7.$7,4,6$
8.$7,1,6$
Total $10$ page faults.
$\therefore$ The value of $\alpha - \beta = 8 - 10 = -2.$