A Note on the Bid Markup Strategy

摘要：

This note presents explicit expressions of the equilibrium bid markup strategy in procurement auctions based on the two criteria of conditional profit ratio and work force continuity, which extends previous work. Additionally, the weighted product method is used to make a tradeoff between conditional profit ratio and work force continuity and then to determine equilibrium bid markup strategy. Comparisons are made between the results on this note and the corresponding ones in Seydel and Olson (1990) and Lai et al. (2002).

关键词： auction bid markup strategy weighted product method

作者: Mingxi Wang Shouyang Wang Shulin Liu

作者单位: Institute of Systems Science,Chinese Academy of Sciences, Beijing 100190, P.R. China School of International Trade and Economics, University of International Business and Economics, Bei

会议类型: 国际会议

会议名称: The First World Congress on Global Optimization in Engineering & Science(第一届工程与科学全局优化国际会议 WCGO2009)

会议地点: 长沙

会议语种:英文

页码: 421-426

在线出版日期: 2009-06-01（万方平台首次上网日期，不代表论文的发表时间）