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ZHAO Li-ming, LIU Zhen-ju, HE Hong-feng. Improved Bi-objective(BO) Friedman Biding ModelJ. Journal of Beijing Institute of Technology (Social Sciences Edition), 2007, (2): 50-52.
Citation: ZHAO Li-ming, LIU Zhen-ju, HE Hong-feng. Improved Bi-objective(BO) Friedman Biding ModelJ. Journal of Beijing Institute of Technology (Social Sciences Edition), 2007, (2): 50-52.
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Improved Bi-objective(BO) Friedman Biding Model

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  • Friedman model is one of the most important models in bidding.Maximization of expected revenue is the only decision objective in that model.Based on the Friedman bidding model,a new bidding model is proposed in this paper.The model is adjusted with consideration of the effects of expected revenue and bidding probability.
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