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Rational Bidding Strategies

2015
Imagine you are bidding at an English auction in a traditional auction house. The item is an antique jewelry case meant to be a birthday present for your wife. You have a concrete idea of how much you want to pay maximum for it, because you have already found a case somewhere else that would cost 150 euros.
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OPBID: Competitive Bidding Strategy Model

Journal of the Construction Division, 1969
A discrete probabilistic model of strategy for competitive bidding in the construction industry is formulated and tested. The model is applied to actual past bidding data obtained from a construction contractor. This real-world application of the model verified the thesis that such a bidding strategy can assist contractors in increasing their profit ...
Thomas L. Morin, Richard H. Clough
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Sealed-Bid Timber Sales—Performance Indicators and Bidding Strategies

Southern Journal of Applied Forestry, 1985
Abstract Sealed bidding is the preferred method for selling stumpage in many areas of the South. Industry timber procurement managers are concerned with both the success rate and the amount of overbid when assessing bidding performance. Analysis of 56 sealed-bid timber sales establishes local norms for these performance indicators in a ...
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Bidding with Competitive Strategy Models

Journal of the Construction Division, 1971
This work presents a bidding procedure based on competitive strategy theory. A study comparing the bids yielded by several competitive strategy models with those of actual lettings for 50 projects is made using data supplied by a building contractor. The study is made the data in sized sets in the chronological order that they became available to the ...
Louis R. Shaffer, Terry W. Micheau
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Bidding strategies in electricity markets

Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351), 2003
In electricity markets organized as pools, electrical power producers provide offers (called sometimes bids) of power generation in defined price bands for every trading interval. Usually, the price offered reflects the variable cost of generation. Bidding behavior of market participants is determined by several factors.
W. Mielczarski, G. Michalik, M. Widjaja
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Bidding Strategy using Multiple Regression

Journal of the Construction Division, 1978
Multiple regression analysis is applied to construction competitive bidding to give a contractor new insights that will help him compete more effectively. Data from 48 projects bid by a contractor are collected and analyzed. Two models are developed, one for use in deciding whether or not to estimate and bid a job and one to aid in his markup decision.
Robert I. Carr, John W. Sandahl
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Auction Bidding and Evolutionary Stable Strategies

1992
Summary: The aim of the present paper is to extend the two-player evolutionary stable strategy (ESS), originally defined by \textit{J. Maynard-Smith} [J. Theor. Biol. 47, 209-221 (1974)] to explain animal's behavior of resolving their mating and territory-keeping conflicts, to the \(n\)-player ESS, and to apply this concept to \(n\)-bidder auction ...
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Fuzzy decisions in bidding strategies

[1990] Proceedings. First International Symposium on Uncertainty Modeling and Analysis, 2002
The process for assessing and evaluating contractors' bidding strategies is dependent in most projects on subjective expertise judgement based on a certain number of criteria. A systematic approach based on fuzzy set theory and multicriteria modeling is proposed for selecting bidding strategies.
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Bidding Strategy at Ordinary Auctions

Journal of Farm Economics, 1963
FOR many commodities of substantial proportion-and in some cases a growing proportion-of the quantity handled passes through ordinary auctions. This is notably true in the United States for masterpieces, used furniture, eggs, tobacco, a wide variety of fresh fruits and vegetables, and almost all kinds of livestock.
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Navigating financial toxicity in patients with cancer: A multidisciplinary management approach

Ca-A Cancer Journal for Clinicians, 2022
Grace Li Smith   +2 more
exaly  

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