Combinatorial auction problems

Baykal, Şafak
Electronic commerce is becoming more important day by day. Many transactions and business are done electronically and many people do not want paper work anymore. When a firm wants to buy raw materials or components, it announces its need to related websites or in the newspapers. Similar demands and announcements can be seen almost everywhere nowadays. In this way, it needs to perform fast and reliable auctions as much as possible. On the other hand, buyers not only consider cost but also consider a lot of different aspects like quality, warranty period, lead time etc when they want to purchase something. This situation leads to more complex problems in the purchasing process. As a consequence, some researchers started to consider auction mechanisms that support bids characterized by several attributes in addition to the price (quality of the product, quantity, terms of delivery, quality of the supplier etc.). These are referred to as multi-attribute combinatorial auctions. In this thesis, Combinatorial Auctions are analyzed. Single-attribute multi-unit, multi-attribute multi-unit combinatorial auction models are studied and an interactive method is applied for solving the multi-attribute multi-unit combinatorial auction problem.
Citation Formats
Ş. Baykal, “Combinatorial auction problems,” M.S. - Master of Science, Middle East Technical University, 2007.