Metadata language
Mechanisms of multicriteria auctions, some remarks
Subtitle:Raport Badawczy = Research Report ; RB/42/2013
Creator:Kruś, Lech ; Toczyłowski, Eugeniusz
Publisher:Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences
Place of publishing: Date issued/created: Description:22 pages ; 21 cm ; Bibliography p. 21-22
Subject and Keywords:Multicriteria decision making ; Wielokryterialne podejmowanie decyzji ; Optymalizacja wielokryterialna ; Multicriteria optimization ; Multiagent system ; Auction modeling ; Mechanizm odpowiedniej zachęty ; Incentive compatible decision mechanism
Abstract:In this paper mechanisms of multicriteria auctions are discussed including elements of decision support of the auction organizer as well as bidders. The mechanisms are considered in the context of incentive compatible decisions. Using domination relations formulated in the space of criteria, different rules describing improvement of offers in successive rounds of an auction process are analyzed. The general discussion is illustrated by an example of an iterative multicriteria closed-bidding auction conducted with the use of a multi-agent computer-based system. The system supports submission of offers, multicriteria analysis made by an organizer of the bidding auction, simulation and analysis of competing bidders’ behavior. Experimental results of sessions conducted with use of the system are presented and analyzed.
Relation:Raport Badawczy = Research Report
Resource type: Detailed Resource Type: Source: Language: Language of abstract: Rights:Creative Commons Attribution BY 4.0 license
Terms of use:Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -
Digitizing institution:Systems Research Institute of the Polish Academy of Sciences
Original in:Library of Systems Research Institute PAS
Projects co-financed by: Access: