Bidding Process for the Ipl

Section B

Initial details that the players need to know

1. Objective function of the team

2. The measure of success for the game (for example – number of goals scored for football and not ball possession).

3. Qualitative and quantitative data on which the decisions can be based.

Input variables and precise definitions

Format for filling up for each of the rounds of the game

Round 1: Bidding for Players

Bidding process for the IPL will be conducted for five teams. To ensure a level playing field, the teams have initially been provided with 10 players whose sum of player value comes out to 10. The teams will then have to provide inputs in order to bid by placing their bid price on each of the 10 star players, but will be awarded only 2 players per team at the end of the bidding process. In case a team is not interested in a particular player, they will have to bid at the base price. In case of a tie, a player will be allocated randomly between teams with the highest bid value and have not fulfilled their quota of 2 star players; else it will go to the next highest bidder.

The player value is broadly quantified on the basis of three parameters of cricketing skills, leadership and marketing potential. These can be elaborated as:

Cricketing skills

1. Batting ability score is a composite score assigned to the player on the basis of parameters like batting strike rate, batting average and total runs in ODIs

2. Bowling ability score is considered for the bowling potential and assigned on the basis of bowling strike rate i.e. the average balls bowled per wicket and the economy i.e. average runs given per over.

3. Fielding ability score will depend on the catches taken per match. Besides the catches taken, the fielding position of player also determines to what extent the player's fielding potential is utilized. So a cricketing subjective analysis also gives a fielding rating to individual players.

4. Age is important because the IPL is regarded as the young man's game. Since the nature of the game is fast, the level of fitness and agility required is also pretty high. Hence, there is a natural preference for younger players. Aged players may be taken on for their experience, but after a year or two, they may end up become a liability. Hence, a premium is attached with the age of players.

Leadership ability

The player's leadership skills are essential to succeed in a dynamic game as IPL and should be able to react and adapt to changing conditions in the game. In international cricket, any player who has been considered to captain his team can