The distribution of the number of bidders in auctions with uncertain numbers is usually assumed to be Poisson. The observed distribution, for example in OCS Federal Offshore Oil Lease Sales, is apparently not Poisson. A simple model is presented showing that if the objects have different values...

A variety of practical situations involve supplying a particular commodity by some locations to satisfy the demand at others. If the demands and the costs of producing varying amounts of commodity at each location are known, then the question is how much commodity should be supplied by each...

Auctions and bidding models are attracting an ever increasing amount of attention. The Stark and Rothkopf (1977) bibliography includes approximately 500 papers on the subject; additional work has been reported since the bibliography was compiled. This paper presents a general framework for...

A variety of measures have recently been proposed for measuring the relative importance of individual components in the overall reliability of a system. Several of these seemingly different measures are very closely related under the conditions typically assumed in the reliability literature....