Bidding : types, strategies and the impact of irrationality
Author(s)
Bibliographic Information
Bidding : types, strategies and the impact of irrationality
（Business issues, competition and entrepreneurship）（Business economics in a rapidly-changing world series）
Nova Science Publishers, c2013
- : hardcover
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
This is a book about bidding, a hugely important topic situated at the intersection of business, computer science and mathematics. As more and more business-to-business commerce is conducted via the Internet, an expert understanding of how to bid optimally in different settings, how to deal with limited information and how to adapt to the behaviour of other bidders has the potential to provide businesses with a significant advantage when participating in online marketplaces. However, bidding is a complex, interdisciplinary area with an expansive literature base which many may find daunting. This book aims to provide those new to the area with an accessible and thorough grounding in the core concepts of the field as well as in-depth knowledge of cutting-edge bidding-based research. For those with experience in the area of bidding, this book will help to solidify their understanding and ensure that their knowledge of recent work in the field is both current and comprehensive. This book covers a wide variety of bidding mechanisms including combinatorial auctions, reverse auctions and multi-bilateral negotiations; it also covers bidding strategies in supply chain management and electricity markets as well as the concepts of e-procurement, bid selection models, bidder irrationality models, multi-agent systems and Minority Games. This book is a valuable companion for anyone wishing to learn more about this exciting area of research, including students, academics and businesses interested in gaining a competitive advantage in the digital economy.
Table of Contents
- Preface
- Bidding Mechanisms for Supply Chain Modelling Using Multi-Agent Systems
- An Agent-based Combinatorial Procurement Auction Model for Supplier Selection of Multiple Products with the Synergy Effect
- Behavioral Patterns in Lowest & Highest Unique Bid Auctions
- Scoring Auctions with Ambivalent Politicians
- A Fuzzy Bidding Selection Model According to Product Kraljic Typology
- Bidding Strategies of Automated Agents in Supply Chain Management
- Swarm Intelligence-Based Optimal Bidding Strategies with Risk Consideration in Competitive Electricity Markets
- Two Ending Rules in Online Auctions: Hard Close & Soft Close
- Irrationality & Mixed Bidder Population
- The Minority Game: How Complex Market Dynamics Arises from Simple Interacting Agents
- Auctions & Negotiations in E-procurement: A Comparison of Three Experiments
- Personality Aspects & Fuzzy Logic for Bilateral Negotiation Behaviors with Incomplete Information
- Agent-Based Iterative & Recursive Bidding within an Integrated Decision Platform for Manufacturing Control
- Index.
by "Nielsen BookData"