An interactive approach for Bi-attribute multi-item auctions

Date

2016-10-01

Author

Karakaya, Gülşah
Koksalan, Murat

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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.

Subject Keywords

Decision support, Interactive approach, Combinatorial auctions, Multi-attribute auctions, Multi-item auctions

URI

https://hdl.handle.net/11511/37251

Collections

Department of Business Administration, Article