Bidding : types, strategies and the impact of irrationality / Ming K. Lim, editor.

Format:

Book

Contributor:

Lim, Ming K.

Series:

Business issues, competition and entrepreneurship series.

Business economics in a rapidly-changing world series.

Business Issues, Competition and Entrepreneurship

Business Economics in a Rapidly - Changing World

Language:

English

Subjects (All):

Letting of contracts--Mathematical models.

Letting of contracts.

Auctions--Mathematical models.

Auctions.

Negotiation--Mathematical models.

Negotiation.

Physical Description:

1 online resource (317 p.)

Place of Publication:

New York : Nova Publishers, c2013.

Language Note:

English

Summary:

This is a book about bidding, a hugely important topic situated at the intersection of business, computer science and mathematics. As more and more business-to-business commerce is conducted via the Internet, an expert understanding of how to bid optimally in different settings, how to deal with limited information and how to adapt to the behavior of other bidders has the potential to provide businesses with a significant advantage when participating in online marketplaces. However, bidding is a complex, interdisciplinary area with an expansive literature base which many may find daunting. Thi

Contents:

""BIDDING: TYPES, STRATEGIES AND THE IMPACT OF IRRATIONALITY""; ""BIDDING: TYPES, STRATEGIES AND THE IMPACT OF IRRATIONALITY""; ""Library of Congress Cataloging-in-Publication Data""; ""CONTENTS""; ""PREFACE""; ""Chapter 1: BIDDING MECHANISMS FOR SUPPLY CHAIN MODELLING USING MULTI-AGENT SYSTEMS""; ""Abstract""; ""1. Introduction""; ""2. Modelling Supply Chains in Multi-Agent Systems""; ""3. Collective Bargaining through Negotiations""; ""4. Auctions""; ""5. Summary""; ""References""; ""Chapter 2: AN AGENT-BASED COMINATORIAL PROCUREMENT AUCTION MODEL FOR SUPPLIER WITH THE SYNERGY EFFECT""

""ABSTRACT""""1. INTRODUCTION""; ""2. LITERATURE REVIEW""; ""3. AGENT-BASED COMBINATORIAL PROCUREMENT AUCTION MODEL""; ""4. WINNER DETERMINATION PROBLEM""; ""5. SIMULATION AND EXPERIMENTAL RESULTS""; ""CONCLUSION""; ""REFERENCES""; ""Chapter 3: BEHAVIORAL PATTERNS IN LOWEST AND HIGHEST UNIQUE BID AUCTIONS""; ""ABSTRACT""; ""1. INTRODUCTION""; ""2. EQUILIBRIUM ANALYSIS""; ""3. EXPERIMENT 1: COMPARISON OF STRATEGY SPACES IN UL AUCTIONS""; ""4. EXPERIMENT 2: COMPARISON OF THE UL AND UH AUCTIONS""; ""5. GENERAL DISCUSSION""; ""APPENDICES A1 AND A2""; ""ACKNOWLEDGMENT""; ""REFERENCES""

""Chapter 4: SCORING AUCTIONS WITH AMBIVALENT POLITICIANS""""Abstract""; ""1. Introduction""; ""2. Related Literature""; ""3. The Model""; ""4. Score-based Multidimensional Auction""; ""5. Main Result""; ""Conclusion""; ""References""; ""Chapter 5: A FUZZY BIDDING SELECTION MODEL ACCORDING TO PRODUCT KRALJIC TYPOLOGY ""; ""ABSTRACT""; ""1. INTRODUCTION""; ""2. LITERATURE REVIEW""; ""3. A SUPPLIER EVALUATION AND SELECTION MODEL PROPOSAL""; ""4. MODEL EVALUATION PROCESS""; ""5. EXAMPLE OF APPLICATION AND ANALYSIS OF RESULTS""; ""CONCLUSION""; ""REFERENCES""

""APPENDIX I. PERFORMANCE OF A MAMDANI FUZZY INFERENCE SYSTEM""""Chapter 6: BIDDING SRATEGIES OF AUTOMATED AGENTS IN SUPPLY CHAIN MANAGEMENT""; ""Abstract""; ""1. Introduction""; ""2. Energy Marketplace""; ""3. Grid Services""; ""4. The TAC SCM Game""; ""References""; ""Chapter 7: SWARM INTELLIGENCE-BASED OPTIMAL BIDDING STRATEGIES WITH RISK CONSIDERATION IN COMPETITIVE ELECTRICITY MARKETS ""; ""ABSTRACT""; ""INTRODUCTION""; ""OPTIMAL BIDDING STRATEGIES WITH RISK CONSIDERATION""; ""SOLUTION METHODOLOGIES""; ""NUMERICAL EXAMPLE""; ""CONCLUSION""; ""LIST OF ABBREVIATIONS""

""LIST OF NOMENCLATURE""""REFERENCES""; ""Chapter 8: TWO ENDING RULES IN ONLINE AUCTIONS: HARD CLOSE AND SOFT CLOSE""; ""ABSTRACT""; ""INTRODUCTION""; ""1. ENDING RULE AND SNIPING""; ""2. ENDING RULE AND RESERVE PRICE""; ""3. ENDING RULE AND SELLING PRICE""; ""CONCLUDING REMARKS""; ""REFERENCES""; ""Chapter 9: IRRATIONALITY AND MIXED BIDDER POPULATION""; ""ABSTRACT""; ""1. INTRODUCTION""; ""2. DETERMINATION OF BID PRICE""; ""3. MAIN AUCTION BIDDING MODELS""; ""4. IRRATIONALITY IN GAME THEORY AND BIDDING""; ""5. MIXED POPULATION OF BIDDERS""

""6. EXPERIMENTAL STUDIES ON GAME-THEORETIC BIDDING AND MIXED POPULATIONS""

Notes:

Description based upon print version of record.

Description based on online resource; title from title page (ebrary, viewed September 12, 2013).

Includes bibliographical references at the end of each chapters and index.

ISBN:

1-62808-057-4

OCLC:

857490237