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Mengkai Liu and Chenwei Zhu
The bidding price is one of the important factors for construction enterprises in winning a bid. In the context of public bidding in the construction industry, in the process of group competition, how to estimate the individual bids to calculate their ma...
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Baoju Liu, Jun Long, Min Deng, Xuexi Yang and Yan Shi
In recent years, the route-planning problem has gained increased interest due to the development of intelligent transportation systems (ITSs) and increasing traffic congestion especially in urban areas. An independent route-planning strategy for each in-...
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Masiala Mavungu,Evan Hurwitz,Tshilidzi Marwala
AbstractOrientation: This article is related to Finances and Optimisation. The auctioneer designs every auction mechanism such that utility is maximised and cost is minimised.Research purpose: This article proposes an optimal auction mechanism through wh...
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Mazaher Haji Bashi, Gholamreza Yousefi, Claus Leth Bak and Jayakrishnan Radhakrishna Pillai
As a long term bidding behavior, bid shading is exhibited by wind farms participating in real Uniform Price (UP) markets. This signifies that the wind farm owners bid far below their true long run marginal cost. In this paper, a method is proposed to con...
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