Question: Problem 4 ( 3 0 points ) . A factory needs a certain type o f machine for the next five years. The purchase cost

Problem 4(30 points). A factory needs a certain type of machine for the next five years. The
purchase cost of the machine goes upin time: $17,000in year 1, $19,000in year 2, $21,000in
year 3, $25,000in year 4, and $30,000in year 5. Once a machine is purchased, its maintenance
cost also goes upasit ages: $3,800 for year 1, $5,000 for year 2, $9,700 for year 3, $18,200 for
year 4, and $30,400 for year 5. A new machine can be purchased and used to replace the existing
one at any time, and the old machine will be discarded with no trade-in value. The goal isto
minimize the total cost (purchase plus maintenance)of keeping a machine for the five years.
(15 points) Formulate the problem as a shortest path problem and use Dijkstra's
algorithm to solve it.
(15 points) Formulate the problem asa(mixed-)integer linear optimization model
and use computer tools to find an optimal solution.
Problem 4 ( 3 0 points ) . A factory needs a

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