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A Variable Bid Increment Algorithm for Reverse English Auction

hal.structure.identifierInstitut Supérieur de Gestion Paris [GrIIsG]
dc.contributor.authorPinson, Suzanne*
hal.structure.identifierLaboratoire d'analyse et modélisation de systèmes pour l'aide à la décision [LAMSADE]
dc.contributor.authorBrigui, Imène*
dc.date.accessioned2011-09-16T13:44:22Z
dc.date.available2011-09-16T13:44:22Z
dc.date.issued2010
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/6973
dc.language.isoenen
dc.subjectalgorithmen
dc.subjectbid incrementen
dc.subjectReverse English Auctionen
dc.subjectmulticriteria strategiesen
dc.subject.ddc332en
dc.titleA Variable Bid Increment Algorithm for Reverse English Auctionen
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherInstitut Supérieur de Gestion, GRIISG;France
dc.description.abstractenIn this paper we propose multicriteria strategies for conducting automated reverse English auctions based on software agents. Reverse auctions gained popularity as a result of the emergence of Internet-based online auction tools. A buyer agent negotiates with several seller agents over a single product. The preference model is based on reference points which represent the desired values and the reservation values over each criterion. To insure process evolution, English auctions design often considers a bid increment that represents the minimal amount that a bidder must improve on the current best bid. Generally, the bid increment is fixed before the beginning of the process and kept invariant during the process. Our aim is to allow adjusting the bid increment as the auction process progresses. We propose an anytime algorithm based on an exponential smoothing method that adapts the bid increment to the auction context.en
dc.identifier.citationpages41-51en
dc.relation.ispartofseriestitleLecture Notes in Economics and Mathematical Systems
dc.relation.ispartofseriesnumber645
dc.relation.ispartoftitleProgress in Artificial Economicsen
dc.relation.ispartofeditorPellizzari, Paolo
dc.relation.ispartofeditorMilone, Lucia
dc.relation.ispartofeditorLi Calzi, Marco
dc.relation.ispartofpublnameSpringeren
dc.relation.ispartofpublcityBerlinen
dc.relation.ispartofdate2010
dc.relation.ispartofpages100en
dc.relation.ispartofurlhttp://dx.doi.org/10.1007/978-3-642-13947-5
dc.relation.isversionofjnldate2010
dc.relation.isversionofdoihttp://dx.doi.org/10.1007/978-3-642-13947-5_4en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.ispartofisbn978-3-642-13946-8 (Print) 978-3-642-13947-5 (Online)en
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