Question
Company C is a leisure company that owns and operates three theme parks in its home country. The parks are labour-intensive and cost a great
Company C is a leisure company that owns and operates three theme parks in its home country. The parks are labour-intensive and cost a great deal to operate. Many of the parks visitors are tourists from Country R, although the numbers visiting are affected by exchange rates. Country Rs currency is volatile and when the currency is weak it is more expensive to travel abroad. Therefore Company Cs Board is considering developing a theme park in Country R. Describe the approach that Company Cs Board could take to applying Monte Carlo simulation to the evaluation of the construction of a theme park in Country R.
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