Authors:
A. R. Dani
1
;
V. P. Gulati
1
and
Arun K. Pujari
2
Affiliations:
1
Institute for Development and Research in Banking Technology, India
;
2
University of Hyderabad, India
Keyword(s):
Forward auctions, reverse auctions, assignment constraints, capacity constraints
Related
Ontology
Subjects/Areas/Topics:
B2B, B2C and C2C
;
B2C/B2B Considerations
;
Business and Social Applications
;
Communication and Software Technologies and Architectures
;
e-Business
;
Enterprise Information Systems
;
e-Procurement and Web-Based Supply Chain Management
;
Intranet and Extranet Business Applications
;
Market-Spaces: Market Portals, Hubs, Auctions
;
Society, e-Business and e-Government
;
Software Agents and Internet Computing
;
Web Information Systems and Technologies
Abstract:
Auctions provide efficient price discovery mechanism for sellers. Auctions are being used for sale of variety of objects. In last few years auction based protocols are widely used in electronic commerce. Auction based systems have been developed for electronic procurement. In this paper we propose system for electronic commerce transactions, which can support electronic procurement as well as help enterprises to sale items. We also consider assignment constraints those may be required in different commercial transactions. In this paper we consider forward and reverse auctions. We formulate the problem as mixed integer programming problem. Then we propose an algorithm to obtain optimum solution and compute pay-off.