Title :
OICAS: an online iterative combinatorial auction system
Author :
Fang, Liping ; Wang, Yucheng
Author_Institution :
Dept. of Mech. & Ind. Eng., Ryerson Univ., Toronto, Ont., Canada
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;
Conference_Titel :
Systems, Man and Cybernetics, 2005 IEEE International Conference on
Print_ISBN :
0-7803-9298-1
DOI :
10.1109/ICSMC.2005.1571151
