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In a second-price sequential auction with both global and local bidders, we explore the optimal order for selling heterogeneous goods to maximize efficiency or revenue. Our findings indicate that selling the good with very small variance (almost-zero variance) first yields higher revenue, while...
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risky endeavor. Recently, System Dynamics (SD) modelling and simulation has been suggested as a tool for prototyping and … research objective was to develop a new simulation-based approach for BMI, particularly for B2B contexts. We conducted a two … simulated new service-oriented business models as part of the two BMI teams. Our study resulted in the simulation-based BMI …
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