... 10 years and have 0 salvage value or purchasing a manual machine which costs $20, 000 and will last 5 years and have 0 salvage value. ... =0.80 P(h | D) = 0.40 P(d\H) = 0.20 P(d\ D) = 0.60 Calculate the choice at each decision point to determine the best initial decision. ... points at which a decision must be made between keeping an old car and buying a new car (from a possible choice of several).
|Title||:||Intermediate economic analysis for management and engineering|
|Author||:||John R. Canada|
|Publisher||:||Prentice Hall - 1971|