OICAS: an online iterative combinatorial auction system

Author

Fang, Liping ; Wang, Yucheng

Author_Institution

Dept. of Mech. & Ind. Eng., Ryerson Univ., Toronto, Ont., Canada

Volume

1

fYear

2005

fDate

10-12 Oct. 2005

Firstpage

233

Abstract

An online iterative combinatorial auction system called OICAS is designed and developed. The system can be used to auction multiple items each with a single unit simultaneously and a bidder can bid any bundle of items. A new auction mechanism, called the ascending revenue mechanism, and a novel winner determination algorithm are proposed. Unified Modeling Language (UML) models are developed for describing the system. A prototype of OICAS is implemented using Visual Basic and Microsoft Access. Computational testing shows that this system is fast enough to be used online.

Keywords

Unified Modeling Language; Visual BASIC; combinatorial mathematics; electronic commerce; iterative methods; Microsoft Access; OICAS; Unified Modeling Language; Visual Basic; ascending revenue mechanism; online iterative combinatorial auction system; winner determination algorithm; Airports; FCC; Industrial engineering; Iterative algorithms; Packaging; Prototypes; System testing; Unified modeling language; Visual BASIC; Ascending revenue mechanism; OICAS; UML diagram; combinatorial auction; iterative auction; online auction; winner determination algorithm;

fLanguage

English

Publisher

ieee

Conference_Titel

Systems, Man and Cybernetics, 2005 IEEE International Conference on

Print_ISBN

0-7803-9298-1

Type

conf

DOI

10.1109/ICSMC.2005.1571151

Filename

1571151