The Application of Genetic Algorithm in the Optimal Offer of Stochastic Number of Bidders
Available Online June 2014.
- 10.2991/csss-14.2014.130How to use a DOI?
- competitive bidding; optimal offer;
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.
- © 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/).
Cite this article
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 -