Results 261 to 270 of about 7,191 (313)

Bidding strategies in dynamic electricity markets

Decision Support Systems, 2005
In 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

A Multivariate Approach to Construction Contract Bidding Mark-up Strategies

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

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), 2004
We 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, Raymond S. T. Lee, Henry C. B. Chan   +2 more
openaire   +1 more source

On the evaluation of bidding strategies in sequential auctions

Operations Research Letters, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Michael N. Katehakis, Kartikeya S. Puranam   +1 more
openaire   +1 more source

Average‐Bid Method—Competitive Bidding Strategy

Journal of Construction Engineering and Management, 1993
The 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

On Optimal Bidding Strategies

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

On Multiplicative Bidding Strategies

Operations Research, 1980
Some 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   +1 more source

Equilibrium Linear Bidding Strategies

Operations Research, 1980
Symmetric 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   +1 more source

Differences in bidding strategies

European Journal of Operational Research, 1987
Abstract Methodological understanding is increased and the appreciation of discernible competitive bidding strategies widened by investigating the problems of two construction companies, one being a kitchen equipment manufacturer and the other a civil engineering contractor. Detailed strategies are estimated for the former but not for the latter, due
Malcolm King, Alan Mercer
openaire   +1 more source