Bidding Strategies in Multi-round Auctions forTransportation Services

摘要

There is a growing research interest in the use of combinatorial auction theoryrnto transportation service procurement. Lanes or lane bundles with additive or non-rnadditive cost structures are considered for combinatorial bids. In this research work,rnwe use probablistic approaches to develop bidding strategies in successive auctionrnrounds for singleton or lane bundles.