An interactive approach for Bi-attribute multi-item auctions

Gülşah Karakaya () and Murat Köksalan ()
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Gülşah Karakaya: Middle East Technical University
Murat Köksalan: Middle East Technical University

Annals of Operations Research, 2016, vol. 245, issue 1, No 6, 97-119

Abstract: Abstract 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.

Keywords: Multi-attribute auctions; Multi-item auctions; Combinatorial auctions; Interactive approach; Decision support (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10479-014-1669-4

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