Anticipating the number and identity of bidders has significant influence in many theoretical results of the auction itself and bidders' bidding behaviour. This is because when a bidder knows in advance which specific bidders are likely competitors, this knowledge gives a company a head start when setting the bid price. However, despite these competitive implications, most previous studies have focused almost entirely on forecasting the number of bidders and only a few authors have dealt with the identity dimension qualitatively. Using a case study with immediate real-life applications, this paper develops a method for estimating every potential bidder's probability of participating in a future auction as a function of the tender economic size removing the bias caused by the contract size opportunities distribution. This way, a bidder or auctioner will be able to estimate the likelihood of a specific group of key, previously identified bidders in a future tender.
Although there is a great number of maturity models proposed for Information Systems, most of them have three limitations: (1) they are focused on a single or small subset of companies; (2) they do not address the evolution of enterprise systems and e-business applications, simultaneously; (3) they are only focused on developed countries and do not consider emerging economies. We developed a maturity model of Information Systems that addresses these limitations through a data mining approach. The results showed that clustering analysis was an effective method for discovering similar groups of companies according to the set of enterprise systems and e-business applications that they adopted. Two major conclusions can be outlined: Unlike previous models, it has been shown that companies can be grouped only in three stages of maturity. Furthermore, the evolutionary pattern of systems adopted by companies follows a path oriented to obtain greater efficiencies at the expense of those that strengthen the relationship with customers. The results are relevant to practitioners, researchers and policy makers in emerging economies.
Efficient design and management of water distribution networks is critical for conservation of water resources and minimization of both energy requirements and maintenance costs. Several computational routines have been proposed for the optimization of operational parameters that govern such networks. In particular, multi-objective evolutionary algorithms have proven to be useful both properly describing a network and optimizing its performance. Despite these computational advances, practical implementation of multi-objective optimization algorithms for water networks is an abstruse subject for researchers and engineers, particularly since efficient coupling between multi-objective algorithms and the hydraulic network model is required. Further, even if the coupling is successfully implemented, selecting the proper set of multi-objective algorithms for a given network, and addressing the quality of the obtained results (i.e., the approximate Pareto frontier) introduces additional complexities that further hinder the practical application of these algorithms. Here, we present an open-source project that couples the EPANET hydraulic network model with the jMetal framework for multi-objective optimization, allowing flexible implementation and comparison of different metaheuristic optimization algorithms through statistical quality assessment. Advantages of this project are discussed by comparing the performance of different multi-objective algorithms (i.e., NSGA-II, SPEA2, SMPSO) on case study water pump networks available in the literature.
Different Population-based Algorithms (PbAs) have been used in recent years to solve all types of optimization problems related to water resource issues. However, the performances of these techniques depend heavily on correctly setting some specific parameters that guide the search for solutions. The initial random population size P is the only parameter common to all PbAs, but this parameter has received little attention from researchers. This paper explores P behaviour in a pipe-sizing problem considering both quality and speed criteria. To relate both concepts, this study applies a method based on an efficiency ratio E. First, specific parameters in each algorithm are calibrated with a fixed P. Second, specific parameters remain fixed, and the initial population size P is modified. After more than 600,000 simulations, the influence of P on obtaining successful solutions is statistically analysed. The proposed methodology is applied to four well-known benchmark networks and four different algorithms. The main conclusion of this study is that using a small population size is more efficient above a certain minimum size. Moreover, the results ensure optimal parameter calibration in each algorithm, and they can be used to select the most appropriate algorithm depending on the complexity of the problem and the goal of optimization.
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