Comparative Study of Several Kinds of Bidding Strategies in Transportation Service Market

Abstract

In this paper, we studied the bidding strategy and the impact of the transport services market by the way of double auction. On the condition of single line transportation, ZIU, ZIC and K-ZI bidding strategies were contrasted, computer simulation experiment was implemented, then the trading volume and the income of shippers market were analyzed and contrasted respectively. It is found that the income of participants is smaller in ZIU strategy quotation, and the trading volume is stronger randomness in all strategies. The analysis of the conclusion will provide decision-making basis of auction design for participants in the transportation services market.