Designing bidding strategies in sequential auctions for risk averse agents [PDF]
, 2010 Designing efficient bidding strategies for sequential auctions represents an important, open problem area in agent-mediated electronic markets. In existing literature, a variety of bidding strategies have been proposed and have been shown to perform with
Poutré, J.A. (Han) La +4 more
core +2 more sources
Designing Risk-Averse Bidding Strategies in Sequential Auctions for Transportation Orders [PDF]
, 2009 Designing efficient bidding strategies for agents participating in multiple, sequential auctions remains an important challenge for researchers in agent-mediated electronic markets.
La Poutre, J.A. +7 more
core +2 more sources
A Dynamic Bidding Strategy Based on Model-Free Reinforcement Learning in Display Advertising
IEEE Access, 2020 Real-time bidding (RTB) is one of the most striking advances in online advertising, where the websites can sell each ad impression through a public auction, and the advertisers can participate in bidding the impression based on its estimated value.
Mengjuan Liu +4 more
doaj +1 more source
Optimal strategies in sequential bidding
International Joint Conference on Autonomous Agents and Multiagent Systems, 2009 We are interested in mechanisms that maximize the final social welfare. In [1] this problem was studied for multi-unit auctions with unit demand bidders and for the public project problem, and in each case social welfare undominated mechanisms in the class of feasible and incentive compatible mechanisms were identified.
K.R. Apt (Krzysztof) +1 more
openaire +5 more sources
An Amended Whale Optimization Algorithm for Optimal Bidding in Day Ahead Electricity Market
Axioms, 2022 Successful privatization in other sectors leads to a restructuring in the power sector. The same practice has been adopted in the electrical industry with a deregulated electricity market (EM). This enables competition among generating companies (Genco’s)
Kavita Jain +5 more
doaj +1 more source
Applicability Analysis of Bidding Strategy in Electricity Market
MATEC Web of Conferences, 2017 With the development of the electricity market, competition has been introduced in the generation side. It is the overall development trend of the electricity market reformulation to optimize the allocation of different resources through bidding ...
Zhou Suyan +6 more
doaj +1 more source
Intelligent Bidding Strategies for Prosumers in Local Energy Markets Based on Reinforcement Learning
IEEE Access, 2022 Local energy markets (LEMs) are proposed in recent years as a way to enable local prosumers and community to trade their electricity and have control over their electrical related resources by ensuring that electricity is traded closer to where it is ...
Godwin C. Okwuibe +5 more
doaj +1 more source
Optimal strategies for bidding agents participating in simultaneous Vickrey auctions with perfect substitutes [PDF]
, 2007 We derive optimal strategies for a bidding agent that participates in multiple, simultaneous second-price auctions with perfect substitutes. We prove that, if everyone else bids locally in a single auction, the global bidder should always place non-zero ...
Byde, A +7 more
core +1 more source
Preventing market collapse in auctions for perishable Internet of Things resources
International Journal of Distributed Sensor Networks, 2017 We are entering the era of digital business moments where autonomous things will buy and sell services from each other in order to make people’s life easier. They will also negotiate in order to achieve the best price for their services which will result
Maria B Safianowska +2 more
doaj +1 more source
Impact of Contractors’ Bidding Strategies on Bid Success in the Nigeria Construction Industry
International Journal of Built Environment and Sustainability, 2017 Several types of researches have been carried out prior to the new millennium on the subject of bidding strategies in the construction industry. Today, organizations are faced with a very complex decision of bid/no-bid because it requires the assessment ...
Tolulope Samuel Fawale +1 more
doaj +1 more source