• 제목/요약/키워드: repeated bidding process

검색결과 2건 처리시간 0.016초

동적게임이론을 이용한 최적입찰전략수립 (An Optimal Bidding Strategy Solution using Dynamic Game Theory)

  • 강동주;문영환;김발호
    • 대한전기학회논문지:전력기술부문A
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    • 제51권4호
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    • pp.202-208
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    • 2002
  • In a dynamic game where the players move in a periodical sequence, each player observes the strategy of the others. So the players who move later in a game get to know the moves of others having made before them. Those who move earlier must take this into account in devising their optimal strategy. In the Poolco model, the bidding game is executed periodically. The player participating in the bidding game accumulates the information of its own and others'strategies, and payoffs through the repeated bidding process. Thereby, the players in this game would be able to map out how get the maximum profit, and get closer to the optimal strategy. This paper presents a mathematical modeling for a player to determine his or her optimal strategy at period T, based on the information acquired from the previous rounds for the periods, T-1, T-2, and so on. The proposed modeling is demonstrated with a dynamic fame theory.

동적게임을 이용한 입찰전략수립 (Building a Bidding Strategy using Dynamic Game Theory)

  • 강동주;문영환;오태규;김발호
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2001년도 추계학술대회 논문집 전력기술부문
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    • pp.63-66
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    • 2001
  • In the Poolco model, the bidding game is executed periodically. The player participating to the bidding game accumulates the information of others' strategies and payoffs through the repeated process. Thereby, he is able to map out how he gets his maximum profit, and proceed to the optimal strategy region. This paper shows the algorithm for a player to determine his strategy in t period based the information of the game results of t-1, t-2 period. And this algorithm can be formulated by using Dynamic game theory.

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