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Management Studies

Q. Suppose that new car costs of $10000 also that annual operating cost also resale value of the car are shown in table. If I have a new car now, Find out a replacement policy that minimizes the net cost of owning also operating a car for the next six years.

Age of Car Resale Value Operating Cost ($)
1 7000 300
2 6000 500
3 4000 800
4 3000 1200
5 2000 1600
6 1000 2200

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9313194

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