A mathematical model for analyzing the proxy bidding method for mobile agent-based auction services

Author

Zhang, Jie ; Chan, Henry C B

Author_Institution

Dept. of Comput., Hong Kong Polytech. Univ., China

Volume

1

fYear

2004

fDate

2004

Firstpage

518

Abstract

This paper presents an auction system based on mobile agents. By using a proxy server, a user can generate a mobile auction agent by giving the bidding information, including the maximum bidding price. The agent then moves to the required server to participate in the auction according to the user\´s requirements. A major contribution of the paper is that it presents a mathematical model to analyze the commonly used "proxy bidding method." Based on the distribution of the maximum bidding price, the model can be used to find the probability of stopping at a certain price and, hence, the average winning price. Simulation and analytical results are presented to demonstrate the behavior of the system.

Keywords

electronic commerce; mobile agents; probability; auction system; average winning price; bidding information; mathematical model; maximum bidding price; mobile agent-based auction services; mobile auction agent; price distribution; proxy bidding; proxy server; stopping probability; system behavior; user requirements; Analytical models; Business; Electronic commerce; Marketing and sales; Mathematical model; Mobile agents; Mobile computing; Software agents; Web and internet services; Web server;

fLanguage

English

Publisher

ieee

Conference_Titel

Advanced Information Networking and Applications, 2004. AINA 2004. 18th International Conference on

Print_ISBN

0-7695-2051-0

Type

conf

DOI

10.1109/AINA.2004.1283962

Filename

1283962