Determination of Bid Values for High Speed Train Superstructure Tenders by Game Theory

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dc.authoridYAZICI, Emre/0000-0002-3661-2119
dc.contributor.authorAlakas, Haci Mehmet
dc.contributor.authorKacar, Cem
dc.contributor.authorYazici, Emre
dc.date.accessioned2025-01-21T16:37:26Z
dc.date.available2025-01-21T16:37:26Z
dc.date.issued2022
dc.departmentKırıkkale Üniversitesi
dc.description.abstractThe use of high-speed trains (YHT) is increasing for the world's speed and competitiveness in rail transport. In Turkey, new lines have been built for the development of the railway in recent years. This study, it is aimed to create a mathematical model to determine the final bid price in the superstructure and electromechanical construction works of the YHT lines built in Turkey. Game theory was used to analyze the conflict of interest between contractors or bidders in the mathematical model. In the model, the bid distributions were determined by using the bids given in the previous bids. To minimize the degree of the winner's curse in determining the final bid price, a mathematical model is proposed using an empirical approach, using past bids. The competitive final bid price of the superstructure and electromechanical works of the superstructure and electromechanical works of the new YHT railway lines can be calculated in the standards of the previous tenders examined with the mathematical model.
dc.identifier.doi10.18400/tekderg.987879
dc.identifier.endpage12026
dc.identifier.issn1300-3453
dc.identifier.issue3
dc.identifier.scopus2-s2.0-85140298433
dc.identifier.scopusqualityN/A
dc.identifier.startpage12003
dc.identifier.urihttps://doi.org/10.18400/tekderg.987879
dc.identifier.urihttps://hdl.handle.net/20.500.12587/24478
dc.identifier.volume33
dc.identifier.wosWOS:000864014100007
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isotr
dc.publisherTurkish Chamber Civil Engineers
dc.relation.ispartofTeknik Dergi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241229
dc.subjectHigh speed train auctions; game theory; bid preparation; bidding; bidding strategy; final bid price; winner's curse
dc.titleDetermination of Bid Values for High Speed Train Superstructure Tenders by Game Theory
dc.title.alternativeYüksek Hızlı Tren Üst Yapı İhaleleri İçin Teklif Değerlerinin Oyun Teorisi ile Belirlenmesi
dc.typeArticle

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