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An interactive approach for Bi-attribute multi-item auctions

Author

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  • Gülşah Karakaya

    (Middle East Technical University)

  • Murat Köksalan

    (Middle East Technical University)

Abstract

The advances in the technological infrastructure and in the Internet led electronic auctions to become popular. With online sites, people buy/sell inexpensive products/services through auctions. In this paper, we develop an interactive approach that provides aid to both the buyer and the bidders in a bi-attribute, multi-item auction environment. Our approach is applicable for both reverse and forward auctions. We test our approach for underlying linear preference functions of the buyer. We also adapt it as a heuristic for the case the buyer has a nonlinear preference function. The test results show that our approach works well.

Suggested Citation

  • Gülşah Karakaya & Murat Köksalan, 2016. "An interactive approach for Bi-attribute multi-item auctions," Annals of Operations Research, Springer, vol. 245(1), pages 97-119, October.
    • Handle: RePEc:spr:annopr:v:245:y:2016:i:1:d:10.1007_s10479-014-1669-4
    DOI: 10.1007/s10479-014-1669-4
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    References listed on IDEAS

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    Cited by:

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    2. Karakaya, G. & Köksalan, M. & Ahipaşaoğlu, S.D., 2018. "Interactive algorithms for a broad underlying family of preference functions," European Journal of Operational Research, Elsevier, vol. 265(1), pages 248-262.
    3. Nasim Nasrabadi & Akram Dehnokhalaji & Pekka Korhonen & Jyrki Wallenius, 2019. "Using convex preference cones in multiple criteria decision making and related fields," Journal of Business Economics, Springer, vol. 89(6), pages 699-717, August.

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