Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Using the crossover mileage between the hybrid vehicle and the alternative vehicle from a competing auto manufacturer below, what is the crossover point in years?
Hybrid Vehicle
Vehicle Purchase Cost
Vehicle Operating Cost per Mile
Useful Life of Vehicle
$18,000
$0.13
14
Alternative Vehicle
Vehicle Purchase Cost
Vehicle Operating Cost per Mile
Useful Life of Vehicle
17,000
33
$3.56
$19,500
$0.10
14
17,000
36
$3.56
Miles per Year
Miles per Year
Miles per Gallon
Miles per Gallon
Average Fuel Price per Gallon
Average Fuel Price per Gallon
Given that the crossover mileage is 38,471 miles, the crossover point in years is 1.96 years (round your response to two decimal places).
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Transcribed Image Text:Using the crossover mileage between the hybrid vehicle and the alternative vehicle from a competing auto manufacturer below, what is the crossover point in years? Hybrid Vehicle Vehicle Purchase Cost Vehicle Operating Cost per Mile Useful Life of Vehicle $18,000 $0.13 14 Alternative Vehicle Vehicle Purchase Cost Vehicle Operating Cost per Mile Useful Life of Vehicle 17,000 33 $3.56 $19,500 $0.10 14 17,000 36 $3.56 Miles per Year Miles per Year Miles per Gallon Miles per Gallon Average Fuel Price per Gallon Average Fuel Price per Gallon Given that the crossover mileage is 38,471 miles, the crossover point in years is 1.96 years (round your response to two decimal places).
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