• DocumentCode
    2981507
  • Title

    Research on the bid of evaluating method of the lowest price based on the game theory

  • Author

    Wei, Daosheng ; Kong, Zheng

  • Author_Institution
    Sch. of Manage., Chongqing Jiaotong Univ., Chongqing, China
  • fYear
    2012
  • fDate
    22-24 June 2012
  • Firstpage
    433
  • Lastpage
    436
  • Abstract
    At the view of bidder to consider what tender offer could be taken when the employer take evaluating of the lowest evaluated price method, and use game theory to build multiplayer model. According to the tender offer is the function of cost, and the distribution function of cost can satisfy with independent distribution, so the tender offer can be provided for the different distribution function of cost under the condition of the maximum profit and probability, and also concluded the empirical formula for the bid. At last, according to the model to deal with the factors what influence the tender offer.
  • Keywords
    game theory; pricing; probability; profitability; distribution function; game theory; independent distribution; lowest evaluated price method; maximum profit; multiplayer model; probability; Companies; Game theory; distribution function; evaluating method of the lowest evaluated price; game theory; tender offer;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Software Engineering and Service Science (ICSESS), 2012 IEEE 3rd International Conference on
  • Conference_Location
    Beijing
  • Print_ISBN
    978-1-4673-2007-8
  • Type

    conf

  • DOI
    10.1109/ICSESS.2012.6269497
  • Filename
    6269497