A weighted product method for bidding strategies in multi-attribute auctions

DOI10.1007/S11424-010-9337-5MaRDI QIDQ469645zbMATH OpenOpenAlexFDO

Authors Kin Keung Lai, Shulin Liu, Shouyang Wang, Mingxi Wang

Publication date 11 November 2014

Published in Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11424-010-9337-5

zbMATH Keywords

bidding strategymulti-attribute auctionsweighted product methodwinner determination protocol

Mathematics Subject Classification ID

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

Recommendations

• Equilibrium bids in practical multi-attribute auctions
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Cites work

• A Theory of Auctions and Competitive Bidding
• An inverse-optimization-based auction mechanism to support a multiattribute RFQ process
• Configurable offers and winner determination in multi-attribute auctions
• Emerging multiple issue e-auctions
• Multi-criteria auctions without full comparability of bids
• Multidimensional auctions
• Sealed-bid auctions based on Cobb-Douglas utility function

Cited in

(7)

• Models for iterative multiattribute procurement auctions
• Equilibrium bids in practical multi-attribute auctions
• Tele-auction-software for procurement activity
• Computational Science – ICCS 2005
• Multiple criteria models for evaluation of competitive bids
• Multi-attribute online reverse auctions: recent research trends
• Multi-criteria auctions without full comparability of bids

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Uses Software

• MADM

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