Title :
Bidding Price Game Model
Author :
Cui, Dong-hong ; Zhang, Xi Yan
Author_Institution :
Manage. Inst., Shenyang Univ. of Technol., Shenyang, China
Abstract :
There are two main quotation mode in current bidding, which are without base price and compound base price. Bidders should bid accurately and reasonably to win a bid. Based on game theory and the characteristics in bidding, this paper constructed bidding price game model of without base price and bidding price game model of compound base price to provide evidence for bidding decision. Relevant factors of optimal bidding were found by analysing models results. The probability of bid winning can be improved by analysing these factors effectively. At last, the methods of preventing string bid phenomenon were proposed by comparative analysis of these two models.
Keywords :
commerce; game theory; pricing; bid winning; bidding decision; bidding price game model; compound base price; current bidding; quotation mode; Bismuth; Conference management; Costs; Game theory; Technology management; bidding price; compound base price; game; without base price;
Conference_Titel :
Information and Multimedia Technology, 2009. ICIMT '09. International Conference on
Conference_Location :
Jeju Island
Print_ISBN :
978-0-7695-3922-5
DOI :
10.1109/ICIMT.2009.41
