Question: Problem 1: Question (cont.) The following table provides the replacement cost as a function of the year a car is acquired and the number of

Problem 1: Question (cont.) The following table provides the replacement cost as a function of the year a car is acquired and the number of years in operation. Equipment Replacement cost ($) for given years in operation acquired at 1 start of year 2 3 1 4000 5400 9800 2 4300 6200 8700 3 4800 7100 4 4900 Prev Next Details Problem S Problem 1 Problem 2 Problem 3 Problem 4 Problem 1: Question (cont.) Formulate the problem as a shortest-path model in order to find the best replacement policy that minimizes the total cost for a 4-year planning horizon.

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