In a multi-attribute combinatorial double auction (MACDA), sellers and buyers’ preferences over multiple synergetic goods are best satisfied. In recent studies in MACDA, it is typically assumed that bidders must know the desired combination (and quantity) of items and the bundle price. They do not address a package combination which is the most desirable to a bidder. This study presents a new p...

The paper addresses the topic of e-procurement of logistics services and examines how the system that companies adopt to support this task affects the process performance. The system is evaluated in terms of substantive outcomes (e.g., logistics providers’ profits) and other performances related to perceptions and behavioral issues. Specifically, the considered system is characterized by the ex...

One of the main activities of humanitarian logistics is to provide relief items for survivors in case of a disaster. To facilitate the procurement operation, this paper proposes a bidding framework for supplier selection and optimal allocation of relief items. The proposed auction process is divided into the announcement construction, bid construction and bid evaluation phases. In the announcem...

This paper provides a model that allows for interpreting bids in a Vickrey auction when the good has public good attributes. It also examines information obtained from a Vickrey auction, which collected consumer’s willingness-to-pay for pork products that had embedded environmental attributes, and applies the new interpretation to the bids. Copyright 2003 by Sean P. Hurley and James B. Kliebens...

During the past few years, auctions have become popular in conducting trade negotiations on the Internet. The design of new auctions and other negotiation protocols has become an important topic for both, industry and academia. Traditional auction mechanisms allow price-only negotiations for which the winner determination is a computationally simple task. However, the need for new auction mecha...

Product design involves choosing from a vast array of components and subcomponents. By developing modular platforms and communicating with multiple suppliers each product becomes a bundle of attributes. The multitude of potential product configurations poses a challenge in identifying optimal configurations to offer customers. For most companies, the greatest challenge is measuring consumers’ m...

Methods of improving scalability in online auctions include limiting the number of bidding opportunities, providing price information to users, and recommending auctions that may be of interest to the users. We constructed an experimental prototype auction system in the context of reverse logistics for electronics products. Experiments were designed to test the effects of the number of trading ...

To be successful in multi-attribute auction, agents must be capable of adapting to continuous changing bidding price. This paper presents a novel fuzzy attitude based bidding strategy (FA-Bid), which employs dual assessment technique i.e. assessment of multiple attributes of the goods as well as assessment of agents attitude (eagerness) to procure an item in automated auction. The assessment of...

E-procurement transactions in Business to Business (B2B) environment showed a constant and positive trend in the last years. The most popular methodologies to support these tools are all related to dedicated protocols able to facilitate the agreements among customers and suppliers. This chapter proposes a Multi Agent Architecture integrated with several multi-attribute auction mechanisms specif...