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Chinese Journal of Management Science ›› 2003, Vol. ›› Issue (5): 53-55.

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Study on the Numbers of the Participators in Bidding

TANG Xiao-wo1, CHEN Shao-gang1, ZHAO Shu-rong2   

  1. 1. Management School, UESTC, Chengdu 610054, China;
    2. School of Humanities and Social Science, UESTC, Chengdu 610054, China
  • Received:2002-11-20 Revised:2003-09-01 Online:2003-10-28 Published:2012-03-06

Abstract: Based on the analysis of the traditional decision making models,such as Friedman and Hanssman-Rivett,this paper proposes more practical decision making target.Further more,from this newly obtained decision making target,the formula on average numbers or the number of participators for bidders are obtained,which is quite different from the traditional methods according to the historical data or estimations.

Key words: bidder, number of bidders, expected profits, decision-making target, winning probability

CLC Number: