While profit maximization is one important objective in this decision domain, other objectives are important as well. This paper discusses multiple criteria and their respective objectives in construction bidding, and presents a bidding framework which recommends a pairwise comparison procedure to generate criterion weights and a linear transformation procedure to calculate relative scores for ...

With the deregulation of electric power systems, market participants are facing an important task of bidding energy to an Independent System Operator (ISO). This paper presents a model and a method for optimization-based bidding and self-scheduling where a utility bids part of its energy and self-schedules the rest as in New England. The model considers ISO bid selections and uncertain bidding ...

The Bridge Bidding Practice System allows bridge players to practice and refine their bidding strategies. Users are able to practice bidding with their partners as well as by themselves. The system has been designed so that the user can create decks (sets of four hands) in which they assign rule(s) to specific players’ hands. Once a deck has been dealt, each player can place his or her bids. Af...

Many internet auction sites implement ascending-bid auctions. Empirically, “late” bidding is frequently observed in “hard-close auctions.” In “soft-close auctions,” late bidding is less frequently observed. In this paper, we introduce an independent privatevalue repeated internet auction model to explain the observed bidding behavior. We use Þnite automata to model repeated auction strategies. ...

In this paper, considering real time wind power uncertainties, the strategic behaviors of wind power producers adopting two different bidding modes in day-ahead electricity market is modeled and experimentally compared. These two different bidding modes only provide a wind power output plan and a bidding curve consisting of bidding price and power output, respectively. On the one hand, to signi...

Real-time advertising allows advertisers to bid for each impression for a visiting user. To optimize a speci€c goal such as maximizing the revenue led by ad placements, advertisers not only need to estimate the relevance between the ads and user’s interests, but most importantly require a strategic response with respect to other advertisers bidding in the market. In this paper, we formulate bid...

The proliferation of online auctions has attracted significant research interest in understanding real-life bidding behavior. However, most of the empirical work has focused on business-to-consumer (B2C) auctions. A natural question is whether the findings obtained from B2C auctions are applicable to business-to-business (B2B) auctions which often involve much higher stakes. In this paper, we e...

Increasing popularity of online auctions and the associated frauds have drawn the attention of many researchers. It is found that most of the auction sites prefer English auction to other auction mechanisms. The ease of adopting multiple fake identities over the Internet nourishes shill bidding by fraudulent sellers in English auction. In this paper we derive an equilibrium bidding strategy to ...

We present a fast and effective bidding strategy for the Trading Agent Competition in Supply Chain Management (TAC SCM). In TAC SCM, manufacturers compete to procure computer parts from suppliers, and then sell assembled computers to customers in reverse auctions. To address the bidding problem, an agent decides how many computers to sell and at what prices to sell them. We propose a greedy sol...

Collaboration with other members of the supply chain is one means by which enterprises can compete in today’s global business environment. Thus, early stages of the new product development process involve both technical activities, e.g. product platform definition and commercial activities, e.g. bidding for contracts. This paper introduces a bidding-based product conceptualization and partner s...