Results 251 to 260 of about 443,162 (297)

Bid-price behavior in network RM: Forecast decrementing and bid-price bounding

Journal of Revenue and Pricing Management, 2016
This article investigates two practical concerns with bid-price control origin–destination (OD) revenue management (RM) systems. First, we examine forecast decrementing methods for the common situation where demand forecast generation is decoupled from booking policy optimization.
Adam Bockelie, Peter Belobaba
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Identical Bid Prices

Journal of Political Economy, 1960
IT IS frequently stated that, assuming a standardized product, identity of bids and prices among sellers is as consistent with competition as it is with the lack of competition. The antitrust agencies themselves use this generalization as a working rule.
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Dynamic Bid Prices in Revenue Management

Operations Research, 2007
We formally derive the standard deterministic linear program (LP) for bid-price control by making an affine functional approximation to the optimal dynamic programming value function. This affine functional approximation gives rise to a new LP that yields tighter bounds than the standard LP.
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EFFECTIVE BID PRICING FOR UNIT PRICE CONTRACTS

The Engineering Economist, 1994
ABSTRACT The task of submitting a competitive bid for the production of a specific product or performance of a particular job is a requirement of firms in many different types of industries, such as construction, manufacturing, and government contracting.
JOHN E. BURNETT, J. HOWARD FINCH
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Optimal Bid Prices for Unit Price Contract

Journal of the Construction Division, 1978
In this type of contract, the work is broken down by the owner into bid items with an estimated work quantity for each item. In preparing a bid, a contractor estimates the direct cost of each item and then has to spread overhead, profit, and contingency to the bid items, so that these amounts will be recovered when the project is complete.
Paul M. Teicholz, David B. Ashley
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Pricing in Bid Situations

1976
The basic problem facing the price-setter in bid situations is the absence of information about the prices quoted by competitors. In this section we explore the ways in which elementary probability theory may be used to reduce the degree of uncertainty surrounding competitors’ prices ...
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Analysis of Evaluating Bid Price of Reasonable Lowest Price in Construction Project Bidding

Advanced Materials Research, 2013
the biggest characteristics of Bidding are openness, fairness and preferred. The essence of the tender and bid is making advanced productive foreces develop much better and backward productivity eliminated through the market competition mechanism so as to effectively promote economic development and social progress.
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Bidding Price Game Model

2009 International Conference on Information and Multimedia Technology, 2009
There are two main quotation mode in current bidding, which are without base price and compound base price. Bidders should bid accurately and reasonably to win a bid. Based on game theory and the characteristics in bidding, this paper constructed bidding price game model of without base price and bidding price game model of compound base price to ...
Dong-hong Cui, Xi-yan Zhang
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Maximal price as an invitation to bid

2023
This paper studies the effects of setting a maximal limit of the bid (price cap) in auctions, which is a new strategy that has recently emerged in the airline industry. Before a buyer participates in the auction, she is informed that her bid must lie in a range with both upper limit and lower limit specified by the auctioneer.
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Strategic bidding of Gencos under two pricing mechanisms: Pay-as-bid and uniform pricing

2011 IEEE GCC Conference and Exhibition (GCC), 2011
This paper compares the behavior of Generating Companies (Gencos) in the two competing pricing mechanisms of uniform and pay-as-bid pricing in an electricity market. Game Theory is used to simulate bidding behavior of Gencos and develop Nash equilibrium bidding strategies for Gencos in electricity markets.
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