Semi-Markov dynamic programming approach to competitive bidding with state space reduction considerations

DOI10.1016/S0377-2217(87)80011-5zbMath0628.90042MaRDI QIDQ1093524

Sevket Gunter, Lloyd Swanson

Publication date: 1987

Published in: European Journal of Operational Research (Search for Journal in Brave)

zbMATH Keywords

oligopolistic marketinfinite horizon sum-Markov dynamic programmingmultiple limited resourcesoptimal bidding strategy

Mathematics Subject Classification ID

Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40) Operations research and management science (90B99)

Related Items

Finite horizon semi-Markov decision processes with application to maintenance systems, Multicriteria support for construction bidding

Cites Work

• Unnamed Item
• A Computational Algorithm for Multi-Contract Bidding Under Constraints
• A Stochastic Model for Bidding