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# [10 marks] It costs S10,000 to buy backhoe attachment for tractor tnat asts maximum of five years, and the estimated maintenance cost in each year of ownership is s...

## Question

###### [10 marks] It costs S10,000 to buy backhoe attachment for tractor tnat asts maximum of five years, and the estimated maintenance cost in each year of ownership is shown in the table below. The table Iso shows the trade-in value for the old backhoe if it is replaced after that many years of service You need to buy backhoe right now: What is the least expensive policy for buying and replacing backhoes over the next six years? Use Dynamic Programming methods to solve this proble em.vearMaintenance

[10 marks] It costs S10,000 to buy backhoe attachment for tractor tnat asts maximum of five years, and the estimated maintenance cost in each year of ownership is shown in the table below. The table Iso shows the trade-in value for the old backhoe if it is replaced after that many years of service You need to buy backhoe right now: What is the least expensive policy for buying and replacing backhoes over the next six years? Use Dynamic Programming methods to solve this proble em. vear Maintenance (S) 00O Trade-in value (S_ 00O OOO 5,000 OOO 3,000 500 00O

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