On optimal bidding and inventory control in sequential procurement auctions: the multi period case

DOI10.1007/S10479-014-1542-5MaRDI QIDQ490174zbMATH OpenOpenAlexFDO

Authors Kartikeya S. Puranam, Michael N. Katehakis

Publication date 22 January 2015

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10479-014-1542-5

zbMATH Keywords

auctionsmulti-periodprocurementdynamic bidding

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Inventory, storage, reservoirs (90B05)

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Cites work

• scientific article; zbMATH DE number 3122709 (Why is no real title available?)
• A SUCCESSIVE LUMPING PROCEDURE FOR A CLASS OF MARKOV CHAINS
• A Weakest Link Marked Stopping Problem
• Combinatorial auction design
• Dynamic lot-sizing in sequential online retail auctions
• Martingale methods for pricing inventory penalties under continuous replenishment and compound renewal demands
• Matrix bidding in combinatorial auctions
• Networks, crowds and markets. Reasoning about a highly connected world.
• On bidding for a fixed number of items in a sequence of auctions
• On computing optimal (Q,r) replenishment policies under quantity discounts
• On optimal bidding in sequential procurement auctions
• Optimal Adaptive Policies for Markov Decision Processes
• Perishable Inventory Theory: A Review
• Quadratic core-selecting payment rules for combinatorial auctions
• Scheduling vessels and container-yard operations with conflicting objectives
• Sourcing with random yields and stochastic demand: a newsvendor approach

Cited in

(14)

• Optimal Auctioning and Ordering in an Infinite Horizon Inventory-Pricing System
• Bidding to procure supply in newsvendor networks
• Sequential versus bundle auctions for recurring procurement
• Semi-Markov dynamic programming approach to competitive bidding with state space reduction considerations
• Optimal inventory control with fixed ordering cost for selling by Internet auctions
• On optimal bidding in sequential procurement auctions
• Optimal minimum bids and inventory scrapping in sequential, single-unit, Vickrey auctions with demand learning
• Bilevel approach for e-bidding auction with regret theory
• A dynamic inventory/allocation model based on auctions with multi-unit demand
• Behavioral models for first-price sealed-bid auctions with the one-shot decision theory
• A multi-period inventory model with multi-dimensional procurement bidding
• Policies for inventory models with product returns forecast from past demands and past sales
• Joint procurement and demand-side bidding strategies under price volatility
• Multiperiodic procurement problem with option contracts under inflation

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