A WEIGHTED PRODUCT METHOD FOR BIDDING STRATEGIES IN MULTI-ATTRIBUTE AUCTIONS
查看参考文献23篇
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文摘
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To eliminate computational problems involved in evaluating multi-attribute bids with dif-ferent measures, this article first normalizes each individual component of a bid, and then makes use of the weighted product method to present a new scoring function that converts each bid into a score. Two kinds of multi-attribute auction models are introduced in terms of scoring rules and bidding objective functions. Equilibrium bidding strategies, procurer's revenue comparisons and optimal auction design are characterized in these two models. Finally, this article discusses some improvement of robustness of our models, with respect to the assumptions. |
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来源
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Journal of Systems Science and Complexity
,2010,23(1):194-208 【核心库】
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DOI
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10.1007/s11424-010-9337-5
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关键词
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Bidding strategy
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multi-attribute auctions
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weighted product method
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winner determina-tion protocol.
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地址
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1.
MADIS, Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing, 100190
2.
School of International Trade and Economics, University of International Business and Economics, Beijing, 100029
3.
Department of Management Sciences, City University of Hong Kong,$$ 83 Tat Chee Avenue, Hong Kong
Kong, Kong
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语种
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英文 |
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文献类型
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研究性论文 |
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ISSN
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1009-6124 |
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学科
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自动化技术、计算机技术 |
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基金
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国家教育部高等学校全国优秀博士学位论文作者专项资金
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国家自然科学基金
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文献收藏号
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CSCD:3845437
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