The Application of Genetic Algorithm in the Optimal Offer of Stochastic Number of Bidders

DOI

10.2991/csss-14.2014.130How to use a DOI?

Keywords

competitive bidding; optimal offer;

Abstract

Competitive bidding is widely used in international equipment procurements and construction projects for the moment. With the development of market economy in our country, competitive bidding is introduced in various industries, especially popular in the large-scale construction projects and government procurements. Thus the bidding theory becomes the focus of enterprises’ decision-making. In this paper, the competitive bidding with a stochastic number of bidders is considered. Under the symmetric situation of bid the paper gets a quotation equation and then provides a new solution based on genetic algorithm.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chen Guodong
PY  - 2014/06
DA  - 2014/06
TI  - The Application of Genetic Algorithm in the Optimal Offer of Stochastic Number of Bidders
BT  - Proceedings of the 3rd International Conference on Computer Science and Service System
PB  - Atlantis Press
SP  - 553
EP  - 557
SN  - 1951-6851
UR  - https://doi.org/10.2991/csss-14.2014.130
DO  - 10.2991/csss-14.2014.130
ID  - Guodong2014/06
ER  -