Multi-attribute auctions allow agents to sell and purchase goods and services taking into account more attributes besides the price (e.g. service time, tolerances, qualities, etc.). In this paper we analyze attributes involved during the auction process and propose to classify them between verifiable attributes, unverifiable attributes and auctioneer provided attributes. According to this class...

The emergence of auction that supports bids characterized by several attributes is one of the most recent evolutions within auction theory. This paper introduces the multi-attribute and transaction cost into the on-line auction, proposed by Lavi and Nisan. Different from the traditional on-line auction, the buyer makes decision only based on the bids, when each bidder comes one by one. We propo...

Auction models and protocols are found efficient in managing resources allocation, which are a key technology in grid computing system. In this paper, a new multi-attribute multi-round reverse auction is proposed, and related reverse auction based protocols are designed. The resource user’s satisfaction degree is introduced into the traditional grid resource allocation problem to help the grid ...

Multi-attribute auctions play a very important role in our economy: (i) they are widely used in industry procurement; (ii) many markets for services are organized in a form reminiscent of private multi-attribute auctions; (iii) recently many Internetbased markets adopted multi-attribute structure. Multi-attribute auctions differ from standard low price auctions in that (a) a buyer chooses a win...

Auction models are found efficient in managing resources allocation, which is a key technology in grid computing system. In this paper, a new reverse auction approach is proposed, and its mechanism and related auction algorithm are designed. In our approach, the grid trading service, i.e., an intelligent entity, uses this auction algorithm to estimate the resource user’s satisfaction degree and...

M auctions extend traditional auction settings to allow negotiation over nonprice attributes such as weight, color, and terms of delivery, in addition to price and promise to improve market efficiency in markets with configurable goods. This paper provides an iterative auction design for an important special case of the multiattribute allocation problem with special (preferential independent) a...

Auctioning multi-dimensional items is a key challenge, which requires rigorous tools. This study proposes a multi-round, first-score, semi-sealed multi-attribute reverse auction system. A fundamental concern in multiattribute auctions is acquiring a useful description of the buyers’ individuated requirements: hard constraints and qualitative preferences. To consider real requirements, we expres...