
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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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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