Abstract:The existing models all have a rigid assumption that the bidders are symmetrical. To improve the limitation of these models, reverse multi-attribute English auction model based on the asymmetric bidders is established. The new auction model includes the constraints of the minimum value of bidding quality attributes. The improvement of the model makes up the defect that existing models do not consider the auctioneer's usually objective demand of the minimum value of bidding quality attributes in the reality. Finally, based on the new auction model, the author gives the structurized optimal bidding strategies and describes the process of auction and one example. The research results apply to online automatic procurement and bidders' decision support through the combination of reverse multi-attribute auction and information technology.
曾宪科, 冯玉强. 基于非对称投标人的反向多属性英式拍卖模型与最优投标策略[J]. 系统工程理论与实践, 2012, 32(4): 769-775.
ZENG Xian-ke, FENG Yu-qiang. Reverse multi-attribute English auction model and optimal bidding strategies based on asymmetric bidders. Systems Engineering - Theory & Practice, 2012, 32(4): 769-775.
[1] Bichler M. An experimental analysis of multi-attribute auction[J]. Decision Support Systems, 2000, 29: 249-268. [2] Beil D R, Wein L M. An inverse-optimization-based auction mechanism to support a multi-attribute RFQ Process[J]. Management Science, 2003, 49(11): 1-6. [3] Teich J E, Wallenius H, Wallenius J, et al. Emerging multiple issue e-auctions[J]. European Journal of Operational Research, 2004, 159(1): 1-16. [4] Chen-Ritzo C, Harrison T, K. Wasnica M, et al. Better, faster, cheaper: An experimental analysis of a multiattribute reverse auction mechanism with restricted information feedback[J]. Management Science, 2005, 51(12): 1753-1762. [5] Strecker S, Seifert S. Electronic sourcing with multi-attribute auctions[C]// Proceedings of the 37th Hawaii International Conference on System Science, 2004: 1-10. [6] Che Y K. Design competition through multidimensional auctions[J]. RAND Journal of Economics, 1993, 24: 668-680. [7] Branco F. The design of multidimensional auctions[J]. RAND Journal of Economics, 1997, 28(1): 63-81. [8] David E, Azoulay-Schwartz R, Kraus S. Protocols and strategies for automated multi-attributes auctions[C]// Proceedings of the 1st Conference on Autonomous Agents and Multi-agent Systems, Bologna, Italy, 2002: 77-85. [9] David E, Azoulay-Schwartz R, Kraus S. An English auction protocol for multi-attributes items[C]// Agent Mediated Electronic Commerce: IV Designing Mechanisms and Systems, LNAI, 2002, 2531: 52-68. [10] David E, Azoulay-Schwartz R, Kraus S. Bidders' strategy for multi-attribute sequential English auction with a deadline[C]// Proceedings of the Second International Joint Conference on Autonomous Agents and Multiagent Systems, 2003, 4: 52-65. [11] David E, Azoulay-Schwartz R, Kraus S. Bidding in sealed-bid and English multi-attribute auctions[J]. Decision Support Systems, 2006, 42: 527-556. [12] 孙亚辉, 冯玉强. 多属性密封拍卖模型及最优投标策略[J]. 系统工程理论与实践, 2010, 30(7): 1185-1189. Sun Y H, Feng Y Q. Multi-attribute sealed-bid auction model and optimal bidding strategies[J]. Systems Engineering——Theory & Practice, 2010, 30(7): 1185-1189. [13] 岳超源. 决策理论与方法[M]. 北京: 科学出版社, 2003. Yue C Y. Decision Theory and Methods[M]. Beijing: Science Press, 2003. [14] Klemperer P. Auction theory: A guide to the literature[J]. Journal of Economic Surveys, 1999, 13(3): 227-286. [15] Wolfstetter E. Auctions: An introduction[J]. Journal of Economic Surveys, 1989, 10(4): 367-420.