Proceedings of the 3rd International Conference on Computer Science and Service System

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

Authors
Chen Guodong
Corresponding Author
Chen Guodong
Available Online June 2014.
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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Volume Title
Proceedings of the 3rd International Conference on Computer Science and Service System
Series
Advances in Intelligent Systems Research
Publication Date
June 2014
ISBN
10.2991/csss-14.2014.130
ISSN
1951-6851
DOI
10.2991/csss-14.2014.130How to use a DOI?
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/).

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  -