Suppose it costs $10,000 to purchase a new car. The annual operating cost and resale value of

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Suppose it costs $10,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the file P05_59.xlsx. Assume that you presently have a new car. Determine a replacement policy that minimizes your net costs of owning and operating a car for the next six years.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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