We want to buy the car depending on its cost for 10 years. Here is the algorithm for deciding which car to buy depend a price of OMR 4.000 per liter of gas and usage of 15,000 kilometers per year. For each car, compute the total cost as follows: annual fuel consumed = annual miles driven / fuel efficiency annual fuel cost = price per gallon x annual fuel consumed operating cost = 10 x annual fuel cost total cost = purchase price + operating cost If total cost1 < total cost2 Choose car1. Else if total cost1 > total cost2 Choose car2. Else Choose car1 or car2

We want to buy the car depending on its cost for 10 years. Here is the algorithm for deciding which car to buy depend a price of OMR 4.000 per liter of gas and usage of 15,000 kilometers per year. For each car, compute the total cost as follows: annual fuel consumed = annual miles driven / fuel efficiency annual fuel cost = price per gallon x annual fuel consumed operating cost = 10 x annual fuel cost total cost = purchase price + operating cost If total cost1 < total cost2 Choose car1. Else if total cost1 > total cost2 Choose car2. Else Choose car1 or car2

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter13: Decision Making Under Uncertainty

Section13.5: Bayes’ Rule And Decision Trees

Problem 7P

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