Considering multiple attributes while evaluating request for quotes (RFQs) responses from suppliers is gaining significant importance in industrial procurement. While price has traditionally been the most important factor in evaluating RFQ responses, incorporation of non-price attributes such as quality and delivery performance is becoming essential and critical. Research on multi-attribute RFQ...

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...

Recent years have seen an enormous increase in the role of information technology in markets. During the past few years, economists, game theorists, and computer scientists have started to take a direct role by designing various kinds of market mechanisms for electronic markets in various industries. What is so special about "electronic" market design is the fact that a designer has many more p...

We present an innovative intrusion detection model based on autonomic computing to extend the passive detection mechanism in a traditional intrusion detection system (IDS). Centered on an autonomic manager, this model introduces a multi-attribute auction mechanism in the agent coordination layer to perceive environmental changes, manage and allocate resources, and achieve an active response to ...

This study focuses on mechanism design in order to solve multi-attribute e-procurement problems. In particularly, this study addresses two realistic requirements in mechanism design: (1) specifications of request/proposal on multiple attributes, and (2) incentive compatibility on information exchange/disclosure. Taking into account the needs and emergence of advanced mechanisms in eprocurement,...

The theory of auctions has ignored the fact that often auction designers, not the principal, design auctions In a multi attribute auction, the auction designer may bias his subjective evaluation of quality or distort the relative weights of the various attributes to favor a specific bidder, an ancient concern in the procurement of weapons, in the auctioning of government contracts and in the pu...

Electronic auction markets collect large amounts of auction field data. This enables a structural estimation of the bid distributions and the possibility to derive optimal reserve prices. In this paper we propose a new approach to setting reserve prices. In contrast to traditional auction theory we use the buyer’s risk statement for getting a winning bid as a key criterion to set an optimal res...

This paper provides an optimal auction mechanism design for automated agents conducting auctions, for example, auction houses on the web. In particular, we consider auction protocols that include two major features; multi-attribute items and a deadline rule. Three different protocols were analyzed. For each protocol a mechanism was developed that enables the auctioneer agent to compose an optim...