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An interactive approach for Bi-attribute multi-item auctions
Date
2016-10-01
Author
Karakaya, Gülşah
Koksalan, Murat
Metadata
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This work is licensed under a
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
.
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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
Journal
ANNALS OF OPERATIONS RESEARCH
DOI
https://doi.org/10.1007/s10479-014-1669-4
Collections
Department of Business Administration, Article