An interactive approach for Bi-attribute multi-item auctions

KARAKAYA G., Koksalan M.

ANNALS OF OPERATIONS RESEARCH, cilt.245, ss.97-119, 2016 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 245
  • Basım Tarihi: 2016
  • Doi Numarası: 10.1007/s10479-014-1669-4
  • Dergi Adı: ANNALS OF OPERATIONS RESEARCH
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.97-119
  • Anahtar Kelimeler: Multi-attribute auctions, Multi-item auctions, Combinatorial auctions, Interactive approach, Decision support, COMBINATORIAL AUCTIONS, WINNER DETERMINATION, DECISION-SUPPORT, PROCUREMENT AUCTIONS, ONLINE AUCTIONS, ALGORITHM, MECHANISM
  • Orta Doğu Teknik Üniversitesi Adresli: Evet

Özet

The advances in the technological infrastructure and in the Internet led electronic auctions to become popular. With online sites, people buy/sell inexpensive products/services through auctions. In this paper, we develop an interactive approach that provides aid to both the buyer and the bidders in a bi-attribute, multi-item auction environment. Our approach is applicable for both reverse and forward auctions. We test our approach for underlying linear preference functions of the buyer. We also adapt it as a heuristic for the case the buyer has a nonlinear preference function. The test results show that our approach works well.