Suppose it costs $20,000 to purchase a new car. The annual operating cost and resale value of
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Suppose it costs $20,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the file P05_60.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
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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