Question
Rental vehicles have a way of getting old and beat up very quickly, and so it doesnt take long until an RV needs to be
Rental vehicles have a way of getting old and beat up very quickly, and so it doesnt take long until an RV needs to be retired, typically sold elsewhere as a pre-owned RV. Assume that Anchorage retires 3% of its fleet per week, and Fairbanks returns 4% of its fleet.Is there an equilibrium value for this new system and, if so, what is it? Be sure to clearly show your math work.Then, implement these retirements in your InsightMaker model. How many cars will be available at the end of 16 weeks at each site? Show your new model, as well as your simulation plot..Computer Simulation.
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