On optimal bidding in sequential procurement auctions

DOI10.1016/J.ORL.2012.03.012MaRDI QIDQ453039zbMATH OpenOpenAlexWikidataFDO

Authors Michael N. Katehakis, Kartikeya S. Puranam

Publication date 18 September 2012

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2012.03.012

zbMATH Keywords

newsvendorauctionsprocurementdynamic bidding

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A Theory of Auctions and Competitive Bidding
• A Weakest Link Marked Stopping Problem
• Optimal Adaptive Policies for Markov Decision Processes
• Optimal Bidding in Sequential Auctions
• Sequential auctions of stochastically equivalent objects

Cited in

(30)

• Sequential versus bundle auctions for recurring procurement
• A multi-period inventory model with multi-dimensional procurement bidding
• First-price equilibrium and revenue equivalence in a sequential procurement auction model
• Equilibrium strategies in random-demand procurement auctions with sunk costs
• Behavioral models for first-price sealed-bid auctions with the one-shot decision theory
• On bidding for a fixed number of items in a sequence of auctions
• Sequential procurement auctions with risk-averse suppliers
• Asymmetry and collusion in sequential procurement: a ``large lot last policy
• Threshold mechanisms for dynamic procurement with abandonment
• Inverse auctions, injecting unique minima into random sets
• Dynamic procurement management by reverse auctions with fixed setup costs and sales levers
• scientific article; zbMATH DE number 6452635 (Why is no real title available?)
• A sequential auction-bargaining procurement model
• Fuzzy formulation of auctions and optimal sequencing for multiple auctions.
• When (and how) to favor incumbents in optimal dynamic procurement auctions
• An optimal bidimensional multi-armed bandit auction for multi-unit procurement
• Bidding to procure supply in newsvendor networks
• Joint procurement and demand-side bidding strategies under price volatility
• Inventory systems with stochastic and batch demand: computational approaches
• On optimal bidding and inventory control in sequential procurement auctions: the multi period case
• Designing bidding strategies in sequential auctions for risk averse agents
• Procurement with costly bidding, optimal shortlisting, and rebates
• Bilevel approach for e-bidding auction with regret theory
• The Importance of Ordering in Sequential Auctions
• Semi-Markov dynamic programming approach to competitive bidding with state space reduction considerations
• Optimal bidding in auctions of mixed populations of bidders
• Simultaneous Bidding with a Fixed Charge if Any Bid is Successful
• On the evaluation of bidding strategies in sequential auctions
• Efficiency levels in sequential auctions with dynamic arrivals
• Optimal auctions for multi-unit procurement with volume discount bids

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