The Alessandri Mansion
The case introduces a search problem in the context of the sale of a unique mansion. Independent offers arrive and there is a search cost and time discounting. The objective is to use Monte Carlo simulation techniques to compare different search strategies.
Collection: IESE (España)
Ref: AD-274-E
Format: PDF
Number of pages: 2
Publication Date: Aug 5, 2002
Language: English
Description
The case introduces a search problem in the context of the sale of a unique mansion. Independent offers arrive and there is a search cost and time discounting. The objective is to use Monte Carlo simulation techniques to compare different search strategies.
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Year: 1998
Learning Objective
Apply Monte Carlo simulation to a recursive decision given by a search problem.
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"The Alessandri Mansion"
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