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Theoritical Model for e-Auction

Hameed Ullah Khan, Abdullah M. Al-Faifi, Diab Mahmoud Diab

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Abstract

Summary An electronic auction is an element of electronic commerce which uses the internet for procurement. E-auction has been a popular method for retailing and purchasing products and services online. In this paper the proposed e-auction models for the most prevalent classes of auction which are: forward auction and reverse auction are presented. These online models aim at the effectiveness of biding and taking into account some important cofactors like efficient payment method and trust building measures.

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What this paper is about

Summary An electronic auction is an element of electronic commerce which uses the internet for procurement. E-auction has been a popular method for retailing and purchasing products and services online. In this paper the proposed e-auction models for the most prevalent classes of auction which are: forward auction and reverse auction are presented. These online models aim at the effectiveness of biding and taking into account some important cofactors like efficient payment method and trust building measures.

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Available abstract

Summary An electronic auction is an element of electronic commerce which uses the internet for procurement. E-auction has been a popular method for retailing and purchasing products and services online. In this paper the proposed e-auction models for the most prevalent classes of auction which are: forward auction and reverse auction are presented. These online models aim at the effectiveness of biding and taking into account some important cofactors like efficient payment method and trust building measures.

Key concepts: Reverse auction, Eauction, Forward auction, Auction theory, Vickrey auction, Computer science, Dutch auction, Payment

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