Expected revenue in procurement reverse auctions can be calculated using bidding theory models.
Is it true that expected revenue in procurement reverse auctions can be calculated using bidding theory models?
Yes. Multiple studies demonstrate that bidding theory models and mechanism design frameworks can successfully be constructed to analyze and calculate expected revenue, optimal pricing, and task allocation in procurement reverse auctions.
Verdict: SUPPORTED · 4 sources for, 0 against · Last checked
The retrieved literature contains several theoretical and algorithmic papers that explicitly construct bidding models, mechanism designs, and optimization frameworks to calculate expected revenue, optimal bids, and allocations in procurement reverse auctions. All relevant papers support the claim, and none refute it.
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Zhang, J., Chen, P., Yang, X., Wu, H., & Li, W. (2025). An Optimal Reverse Affine Maximizer Auction Mechanism for Task Allocation in Mobile Crowdsensing. doi.org. https://doi.org/10.1109/TMC.2025.3549504
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Qian, X., Huang, M., Ching, W., Lee, L., & Wang, X. (2019). Mechanism design in project procurement auctions with cost uncertainty and failure risk. doi.org. https://doi.org/10.3934/JIMO.2018036
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Chen, P., Zhang, J., Li, W., & Wu, H. (2025). Revenue-Optimal Reverse Auction for Task Allocation in Mobile Crowdsensing Through Transformer Attention. doi.org. https://doi.org/10.1109/TCSS.2025.3547986
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Engelbrecht-Wiggans, R. & Katok, E. (2005). E-Sourcing in Procurement: Theory and Behavior in Reverse Auctions with Non-Competitive Contracts. doi.org. https://doi.org/10.2139/ssrn.673562
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The retrieved literature contains several theoretical and algorithmic papers that explicitly construct bidding models, mechanism designs, and optimization frameworks to calculate expected revenue, optimal bids, and allocations in procurement reverse auctions. All relevant papers support the claim, and none refute it.
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