Question: PLEASE USE EXCEL IN SOLVING.... DYNAMIC PROGRAMMING Case Problems in Dynamic Programming Using Excel 2) A vending machine company currently operates a 2-year old machine

PLEASE USE EXCEL IN SOLVING.... DYNAMIC PROGRAMMING

Case Problems in Dynamic Programming Using Excel 2) A vending machine company currently operates a 2-year old machine at a certain location. Table 2 gives the estimate of upkeep, replacement cost, and income (all in Pesos) for any machine at this location, as function of the age of the machine. Table 2. Estimates of Upkeep, Replacement Cost, and Income Age Income Maintenance Replacement 0 10000 100 1 9500 400 3500 2 9200 800 4200 3 8500 2000 4900 4 7100 2800 5800 5 6100 3300 5900 As a matter of policy no machine is never kept past its sixth anniversary and replacements are only with new machines. Determine a replacement policy that will maximize the total profit from this one location over the next 4 years

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