Question: Problem ! Shortest Route (12 points) The five nodes in the following network represent points one year apart over a four-year period. Each node indicates

Problem ! Shortest Route (12 points) The five
Problem ! Shortest Route (12 points) The five nodes in the following network represent points one year apart over a four-year period. Each node indicates a time when a decision is made to keep or replace a firm's computer equipment. If a decision is made to replace the equipment, a decision must also be made as to how long the new equipment will be used. The arc from node 0 to node 1 represents the decision to keep the current equipment one year and replace it at the end of the year. The arc from node 0 to node 2 represents the decision to keep the current equip- ment two years and replace it at the end of year 2. The numbers above the arcs indicate the total cost associated with the equipment replacement decisions. These costs include discounted purchase price, trade-in value, operating costs, and maintenance costs. Use a shortest-route model to determine the minimum cost equipment replacement policy for the four-year period. 2800 2000 1000 600) 700 1600 1400 2100 (9 points) Provide the details of your proposed equipment replacement policy. List the years in which the equipment must be replaced, and specify for how long it should it be kept before replacing it again

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