Online Multi-Attribute Reverse Auction Mechanism Design Based on Utility

Yan Yue Zhou; Chen Li; Ge Zhu

doi:10.4028/www.scientific.net/AEF.1.405

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HomeAdvanced Engineering ForumAdvanced Engineering Forum Vol. 1Online Multi-Attribute Reverse Auction Mechanism...

Online Multi-Attribute Reverse Auction Mechanism Design Based on Utility

Abstract:

A good auction mechanism is able to release the information who owns to the other side who lacks of. In order to ensure a positive flow of information and to improve the active participation of suppliers, negotiation mechanism is introduced, and suppliers can participate in the design of auction mechanism. Several rounds of English auction is applied to determining the final winner. Taking into account that the buyer has a preference on the property, we use AHP to calculate final weights, and use multi-attribute utility function to calculate the greatest utility as the winner.

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Periodical:

Advanced Engineering Forum (Volume 1)

Pages:

405-410

DOI:

https://doi.org/10.4028/www.scientific.net/AEF.1.405

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Online since:

September 2011

Authors:

Yan Yue Zhou, Chen Li, Ge Zhu

Keywords:

Mechanism Design, Multiple Attribute, Online Reverse Auction

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Creative Commons CC BY 4.0

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References

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