Paper Title:
Competitive Analysis of Multi-Attribute On-Line Auction
  Abstract

The emergence of auction that supports bids characterized by several attributes is one of the most recent evolutions within auction theory. The purpose of this paper is to introduce multi-attribute into the on-line auction mechanism, proposed by Lavi and Nisan. Our mechanism is designed for auctioning multiple units of a good when the bidders arrive and depart dynamically. To incorporate the buyer’s preferences across attributes in an auction setting, we adopt a novel application of a scoring function. Furthermore, we describe a competitive reservation utility strategy (RUS), which helps the buyer decide when and how many goods he should buy. Finally, we also perform numerical examples showing our results.

  Info
Periodical
Advanced Materials Research (Volumes 204-210)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
205-208
DOI
10.4028/www.scientific.net/AMR.204-210.205
Citation
L. L. Ding, S. Wang, W. L. Kang, "Competitive Analysis of Multi-Attribute On-Line Auction", Advanced Materials Research, Vols. 204-210, pp. 205-208, 2011
Online since
February 2011
Export
Price
$32.00
Share

In order to see related information, you need to Login.

In order to see related information, you need to Login.

Authors: Cong Jun Rao, Huan Bin Liu
Abstract:In new product development, the asymmetric information between the firms and developers is inherent. It always leads to failure for choosing...
382
Authors: Li Li Ding, Xiao Ling Wang, Zheng Wei Wang
Chapter 6: Engineering Management and Product Design
Abstract:This paper describes a framework for the grid flow management system in resource allocation problem based on the autonomous manager grid...
1985
Authors: Cong Jun Rao
Chapter 9: Product Design, Engineering Management and Organization of Production
Abstract:Multi-attribute auction is a kind of market mechanisms, which enable automated negotiation on multiple attributes of a deal. In order to know...
708
Authors: Li Li Ding, Zheng Wei Wang, Xiao Ling Wang
Chapter 5: Modeling, Analysis, and Simulation of Manufacturing
Abstract:Auction techniques have been becoming the key methods in grid resource allocation. In this paper, we propose the multi-attribute reverse...
847