Suppliers’ bidding decision support model for online reverse auction
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    Abstract:

    To solve the suppliers’ support problem of online reverse combinatorial multi-attribute auction based on bundling,a bundling confirmation model and suppliers’ bidding strategy are proposed based on the scientometrics bundling algorithm and the analysis of suppliers’ bidding behavior in order to maximize the revenue of the suppliers.After that,an illustration for this model is presented,and the result shows that this model can significantly improve the suppliers’ revenue and reduce the negative effect from the asymmetric information during the auction.

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  • Online: April 26,2012
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