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Preference-based English reverse auctions

Bellosta, Marie-Jo; Kornman, Sylvie; Vanderpooten, Daniel (2011), Preference-based English reverse auctions, Artificial Intelligence, 175, 7-8, p. 1449-1467. http://dx.doi.org/10.1016/j.artint.2010.11.015

Type
Article accepté pour publication ou publié
Date
2011
Journal name
Artificial Intelligence
Volume
175
Number
7-8
Publisher
Elsevier
Pages
1449-1467
Publication identifier
http://dx.doi.org/10.1016/j.artint.2010.11.015
Metadata
Show full item record
Author(s)
Bellosta, Marie-Jo

Kornman, Sylvie

Vanderpooten, Daniel
Abstract (EN)
This paper studies English reverse auctions within a unified framework for preference-based English reverse auctions. In this context, and particularly for electronic auctions, representing and handling the buyer's preferences, so as to enable him/her to obtain the best possible outcome, is a major issue. Existing auction mechanisms, which are based on single or multi-attribute utility functions, are only able to represent transitive and complete preferences. It is well known, however, in the preference modeling literature that more general preference structures, allowing intransitivity and incomparability, are more appropriate to capture preferences. On the other hand, we must also consider properties on the evolution and, above all, on the outcome of any auction executed by an auction mechanism. These properties, as well as properties of non-dominance and fair competition defined for multiple criteria auctions, impose restrictions on the preference relation. This leaves room for interesting preference models to be implemented within English reverse auction mechanisms.
Subjects / Keywords
Preference-based auctions; Automated agents; Multi-attribute English reverse auctions; Multiple criteria decision analysis; Non-transitive and partial preferences

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