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Essentials of Business Analytics 1st Edition by Jeffrey Camm,James Cochran,Michael Fry,Jeffrey Ohlmann ,David Anderson
Edition 1ISBN: 978-1285187273Essentials of Business Analytics 1st Edition by Jeffrey Camm,James Cochran,Michael Fry,Jeffrey Ohlmann ,David Anderson
Edition 1ISBN: 978-1285187273 Exercise 2
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
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
Explanation
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a.The procedure in Analytic Solver Platf...
Essentials of Business Analytics 1st Edition by Jeffrey Camm,James Cochran,Michael Fry,Jeffrey Ohlmann ,David Anderson
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