A company bought a brand new equipment for £10000. It costs£2000, £2700 and £3100 to maintain a equipment during its first,second and third year respectively. the equipment can be sold for£8000, £7000 and £6000 after one, two and three years of userespectively. In four years’ time the company will move to a newarea and will therefore sell the equipment. Model this situation asa network optimisation problem and solve using Dynamic Programming.What is the company’s optimal strategy of equipment ownership?Assume that equipment can only be bought and sold in August andthat the company would always buy a brand new equipment.Furthermore assume
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