Application of Game Theory in Bidding Strategy

被引：1
|
作者：
Qin, Xuanhua [1 ]
Luo, Fen [1 ]
机构：
[1] Hubei Inst Nationalities, Sch Sci, Enshi 445000, Peoples R China
来源：
ARCHITECTURE, BUILDING MATERIALS AND ENGINEERING MANAGEMENT, PTS 1-4 | 2013年 / 357-360卷
关键词：
Bidding; Game theory; Optimal bidding; Risk factor;
D O I：
10.4028/www.scientific.net/AMM.357-360.2645
中图分类号：
TU [建筑科学];
学科分类号：
0813 ;
摘要：
This paper uses the utility function to determine the distribution of tenders' costs as the most realistic normal distribution with parameters mu and sigma. It comes up with the tenders' strategies through maximized utility analysis and discusses the influence of risk preference coefficient on bidding strategies. In view of the present construction market, the thesis proposes the necessity and the pressing to continue to strengthen the application of the bidding system.
引用
收藏
页码：2645 / 2649
页数：5
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