Results 251 to 260 of about 4,391,403 (298)
Some of the next articles are maybe not open access.
Bidding strategies in dynamic electricity markets
Decision Support Systems, 2005In this paper the problem of developing bidding strategies for the participants of dynamic oligopolistic electricity markets is studied. Attention is given to strategic bidding of load serving entities (LSE) in these markets. We model oligopolistic electricity markets as non-linear dynamical systems and use discrete-time Nash bidding strategies.
Ashkan R. Kian, Jose B. Cruz Jr.
exaly +2 more sources
Backward induction strategy (BIDS) for bidding in multiple auctions
SMC'03 Conference Proceedings. 2003 IEEE International Conference on Systems, Man and Cybernetics. Conference Theme - System Security and Assurance (Cat. No.03CH37483), 2004We present a bidding strategy that enables an agent to bid in multiple English auctions. Based on a backward induction method, backward induction strategy (BIDS) seeks to maximize the value of a utility function. In general, the agent needs to determine whether to bid in the next available auction.
Jie Zhang 0009 +2 more
openaire +1 more source
On the evaluation of bidding strategies in sequential auctions
Operations Research Letters, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Michael N. Katehakis +1 more
openaire +2 more sources
A Multivariate Approach to Construction Contract Bidding Mark-up Strategies [PDF]
Journal of the Operational Research Society, 1994 A multivariate approach to contract bidding strategies in the construction industry is presented. This represents a radical departure from previous work in the field by using all available data on competing bidders. 'Optimal', 'no loss' and 'break even'
Martin Skitmore
exaly +1 more source
On Multiplicative Bidding Strategies
Operations Research, 1980Some models of competitive bidding consider only bidding strategies in which the bid is a preselected multiple of an estimate of the value (or cost) of the subject of the auction. This paper examines the effect of such a restriction on these models.
openaire +2 more sources
Average‐Bid Method—Competitive Bidding Strategy
Journal of Construction Engineering and Management, 1993The major drawback of the low‐bid method, often used for competitive bidding in the U.S. construction industry, is the possibility of awarding a construction contract to a contractor that submits, either accidentally or deliberately, an unrealistically low bid price. Often, such an occurrence works to the owner's and contractor's detriment by promoting
Ioannou, Photios G., Leu, Sou-Sen
openaire +1 more source
Management Science, 1976
This paper determines the optimal bid price for a fine bidding against several other firms, when each firm estimates its own cost and the cost estimates of the prices of other firms. Game theoretic and decision theoretic approaches are compared.
openaire +2 more sources
This paper determines the optimal bid price for a fine bidding against several other firms, when each firm estimates its own cost and the cost estimates of the prices of other firms. Game theoretic and decision theoretic approaches are compared.
openaire +2 more sources
Equilibrium Linear Bidding Strategies
Operations Research, 1980Symmetric bidding models are considered in which all bidders start with the same prior distribution on the value of the subject of the auction. In addition, each bidder is assumed to develop his own independent estimate. Each bidder's strategy must be a preselected linear function of his estimate.
openaire +2 more sources
Journal of the Construction Division, 1976
Current competitive bidding strategies and their deficiencies are reviewed. A new bidding strategy method (LOMARK) is presented for use by small to medium-sized contractors working in the local market environment. The method estimates an optimal markup by predicting the chances of winning future bids by treating the local market structure as a single ...
Richard Louis Wade, Robert B. Harris
openaire +1 more source
Current competitive bidding strategies and their deficiencies are reviewed. A new bidding strategy method (LOMARK) is presented for use by small to medium-sized contractors working in the local market environment. The method estimates an optimal markup by predicting the chances of winning future bids by treating the local market structure as a single ...
Richard Louis Wade, Robert B. Harris
openaire +1 more source
To Bid or Not To Bid Agent Strategies in Electronic Auction Games
2001This paper presents the results and analysis of the Fishmarket tournament held this spring at the Technical University of Catalonia (UPC) by a group of undergraduate students as a course work for an artificial intelligence applications course. In the tournament participated sixteen different agents that competed in a three phase eliminatory ...
Javier Béjar +1 more
openaire +2 more sources