I’ve never done it myself, but my impression is that the game is severely imbalanced in favor of Japan, so start with a 30-50 IPC bid for the Allies, and revise from there.
Alpha?
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Excuse me for being a little ignorant here, but after reading various posts about different games on the forums, I keep seeing the word Alpha being used. What does this mean?
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The development of the ruleset for Europe/Pacific/Global 1940 that lead from the first edition to the second edition was called “Alpha + X”.
No more reason to care about as the second edition rules (+ the latest FAQ) apply.