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
Link To Document