8 Referring to Problem 1, suppose the airline wants to determine how many checkpoints to operate...

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8 Referring to Problem 1, suppose the airline wants to determine how many checkpoints to operate to minimize operating costs and delay costs over a ten-year period. Assume that the cost of delaying a passenger for 1 hour is $10 and that the airport is open every day for 16 hours per day. It costs $1 million to purchase, staff, and maintain a metal detector and baggage X-ray machine for a ten-year period. Finally, assume that each passenger is equally likely to enter a given checkpoint. 8 Referring to Problem 1, suppose the airline wants to determine how many checkpoints to operate to minimize operating costs and delay costs over a ten-year period. Assume that the cost of delaying a passenger for 1 hour is $10 and that the airport is open every day for 16 hours per day. It costs $1 million to purchase, staff, and maintain a metal detector and baggage X-ray machine for a ten-year period. Finally, assume that each passenger is equally likely to enter a given checkpoint.