• DocumentCode
    574992
  • Title

    A matrix-based algorithm to yield efficient allocation in price interval

  • Author

    Zhu, Junwu ; Wang, Sicheng ; Li, Bin

  • Author_Institution
    Sch. of Inf. Eng., Yangzhou Univ., Yangzhou, China
  • fYear
    2011
  • fDate
    Nov. 29 2011-Dec. 1 2011
  • Firstpage
    315
  • Lastpage
    319
  • Abstract
    In order to achieve an efficient allocation in price interval, this paper allows bidders to present their demands list on all items so as to promote the possibility to be allotted an item and generate the farthest price ascending under real demands. We propose a concept named matrix of demand strength which is yield by a multi-price ascending simultaneously, and, based on this matrix, an allocation algorithm is given to guarantee that the revenue of this dynamic auction is maximized. Also, the efficient allocation algorithm based on matrix is implemented by using JAVA program in this paper. Comparing with existed method, result of this paper holds the property that the allocation produced by this paper is optimal.
  • Keywords
    Java; commerce; financial data processing; matrix algebra; pricing; Java program; dynamic auction; matrix of demand strength; matrix-based algorithm; price interval allocation; revenue maximisation; Cost accounting; Dynamic scheduling; Economics; Heuristic algorithms; Indexes; Resource management; Vectors;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computer Sciences and Convergence Information Technology (ICCIT), 2011 6th International Conference on
  • Conference_Location
    Seogwipo
  • Print_ISBN
    978-1-4577-0472-7
  • Type

    conf

  • Filename
    6316628