2007Dianzi Ke-ji Daxue xuebaoRequires access

Study of the Decision-Making Based on Two Targets in Bidding

Shaogang Chen

Open publisher page 0 citations

Abstract

On condition that the numbers of participators are uncertain,this paper,based on introducing a proportion coefficientα,constructs a decision-making model of two targets,which improves the single decision- making model based on expected profits in Friedman model and Hassman-Rivett model.In the two models above, winning probability and expected profits vary inversely which cause the difficulty of decision-making.The model we construct effectively resolves the defect above.

About this research paper

What this paper is about

On condition that the numbers of participators are uncertain,this paper,based on introducing a proportion coefficientα,constructs a decision-making model of two targets,which improves the single decision- making model based on expected profits in Friedman model and Hassman-Rivett model.In the two models above, winning probability and expected profits vary inversely which cause the difficulty of decision-making.The model we construct effectively resolves the defect above.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

On condition that the numbers of participators are uncertain,this paper,based on introducing a proportion coefficientα,constructs a decision-making model of two targets,which improves the single decision- making model based on expected profits in Friedman model and Hassman-Rivett model.In the two models above, winning probability and expected profits vary inversely which cause the difficulty of decision-making.The model we construct effectively resolves the defect above.

Key concepts: Bidding, Decision model, Construct (python library), Decision-making models, Computer science, Expected utility hypothesis, Probability model, Mathematical economics

Related papers

Back to paper searchBrowse research topicsOriginal source
Study of the Decision-Making Based on Two Targets in Bidding — Research Paper | ScholarLens