MODELS FOR COMPETITIVE BIDDING UNDER UNCERTAINTY.

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Abstract:

The study analyzes competitive bidding processes as strategy decision problems under uncertainty. In bidding, a decision-maker may have uncertainty about several factors the reliability of his information, the payoff he will accrue if his bid is successful, his competitors decision process, and their reaction to the outcome of a bidding process. Quantitative models are developed to incorporate the interrelationship of these factors in the form of competitive games.

Author(s):
Reichert, Armando Ortego
Author Organization(s):
STANFORD UNIV CALIF DEPT OF STATISTICS
Descriptive Note:
Technical rept.,
Pagination:
0279

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
TR-103, TR-8
Contract/Grant Number(s):
Nonr-225(53), Nonr-225(89)
Project Number(s):
NR-042-002, NR-047-061
 Subject Terms
Joint Capability Areas:
JCA_5_Command and Control
Communities of Interest:
Materials and Manufacturing Processes
Descriptor(s):
(*DECISION THEORY, UNCERTAINTY), (*GAME THEORY, UNCERTAINTY), OPERATIONS RESEARCH, RELIABILITY, MATHEMATICAL MODELS, MANAGEMENT PLANNING AND CONTROL, PERFORMANCE(HUMAN), COSTS, BOUNDARY VALUE PROBLEMS, PROBABILITY, BEHAVIOR, MOTIVATION
Field(s)/Group(s):
Economics and Cost Analysis, Operations Research
Keyword(s):
BIDDING, COMPETITION
Report Date:
1968 Jan 02