Results 251 to 260 of about 120,872 (303)

Toward optimal bidding strategies

Naval Research Logistics Quarterly, 1972
AbstractIn this paper we investigate a form of rational behavior in response to an oligopoly pricing problem where only one buyer is involved. We investigate the problem from the standpoint of the seller who wants to maximize his gain from the transaction.
Stedry, Andrew C., Brecht, H. David
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LOMARK: A Bidding Strategy

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
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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.
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Bidding strategies in sealed-bid reverse multi-attribute auctions

2011 Chinese Control and Decision Conference (CCDC), 2011
This study considers the reverse multi-attribute, or procurement auction in which the item for sale is defined by several quality attributes in addition to the price, the buyer is the auctioneer, and the sellers are the bidders. We focus on a variation of the first-price sealed-bid protocol termed first-score sealed-bid auction.
Hong Zong-you, Wang Ding-Wei
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Bidding Strategy in Takeover

2011 International Conference on Management and Service Science, 2011
The paper models the toehold acquisition and bid price decision problem faced by bidders in takeovers. The model builds upon the model of takeover proposed by Grossman and Hart (1980) and its later extensions by Shleifer and Vishny (1986) , Hirshleifer and Titman (1990) and Chowdhry and Jegadeesh (1994).
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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.
null Jie Zhang, R.S.T. Lee, H.C.B. Chan
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A Competitive-Bidding Strategy

Operations Research, 1956
A method is presented that determines optimum bids in a competitive-bidding situation where each competitor submits one closed bid. The number of bidders may be large or may be unknown. This method makes use of the previous “bidding patterns” of all possible opposition bidders and in the case where the bidding is on contracts, the estimated ...
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Optimal bid-ask price strategies

Omega, 1982
Abstract Economic analysis has begun to focus on the implications of transaction costs to trading in capital assets. Specifically, the economics of market making and the price of liquidity has received considerable attention. This paper formulates the market maker's bid-ask price decision as a semi-Markov decision process with the reward being a ...
Blyth Archibald, Jerome B Baesel, Dawson E Brewer   +2 more
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Problems in Determining Bidding Strategies

Journal of the Operational Research Society, 1985
A methodology for estimating the bidding strategy of a collaborating company in an apparently complex market, as exemplified by a heating and ventilating contractor, has been developed. In the absence of sufficient detailed price data on all identified competitors, the market lowest bid strategy was determined sufficiently accurately to allow possible ...
Malcolm King, Alan Mercer
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Bidding Strategies and Probabilities

Journal of the Construction Division, 1967
Seven competitive bidding strategies for optimizing profits in construction contracting are developed; namely: (1) Lone Bidder Strategy—no competitors; (2) Two Bidders Strategy—one competitor; (3) Many Bidders Strategy—more than one competitor, number and identity of competitors not known; (4) All Bidders Known Strategy—more than one competitor, number
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