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Use asp to apply simulation optimization to determine land

Question: Recall the Land Shark example within the chapter.

a. Use ASP to apply simulation optimization to determine Land Shark's bid amount that would maximize its expected return on the upcoming auction.

b. What is Land Shark's probability of winning the auction at the bid amount from part a?

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Finance Basics: Use asp to apply simulation optimization to determine land

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Finance Basics: Use asp to apply simulation optimization to determine land

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