A weighted product method for bidding strategies in multi-attribute auctions

doi:10.1007/s11424-010-9337-5

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	A weighted product method for bidding strategies in multi-attribute auctions
	Wang, Mingxi 1,2; Liu, Shulin 2; Wang, Shouyang1 ; Lai, Kin Keung 3
	2010-02-01
发表期刊	JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY
ISSN	1009-6124
卷号	23 期号:1 页码:194-208
摘要	To eliminate computational problems involved in evaluating multi-attribute bids with different 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.
关键词	Bidding strategy multi-attribute auctions weighted product method winner determination protocol
DOI	10.1007/s11424-010-9337-5
语种	英语
WOS研究方向	Mathematics
WOS类目	Mathematics, Interdisciplinary Applications
WOS记录号	WOS:000274950400015
出版者	SPRINGER
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/10063
专题	系统科学研究所
通讯作者	Wang, Mingxi
作者单位	1.Chinese Acad Sci, Acad Math & Syst Sci, MADIS, Beijing 100190, Peoples R China 2.Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China 3.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Wang, Mingxi,Liu, Shulin,Wang, Shouyang,et al. A weighted product method for bidding strategies in multi-attribute auctions[J]. JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,2010,23(1):194-208.
APA	Wang, Mingxi,Liu, Shulin,Wang, Shouyang,&Lai, Kin Keung.(2010).A weighted product method for bidding strategies in multi-attribute auctions.JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,23(1),194-208.
MLA	Wang, Mingxi,et al."A weighted product method for bidding strategies in multi-attribute auctions".JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY 23.1(2010):194-208.