2009•Journal of Management SciencesRequires access

Online Multi-attribute Procurement Auction Mechanism Design and Multi-agent System Implementation

FU Rui-xue

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Abstract

Study on present online auction shows that online multi-attribute procurement auction is still in an elementary stage of delivering information.Based on participant and incentive compatibility constraint of principle-agent theory,the paper proposes a multi-attribute procurement auction mechanism through improving multi-attribute decision-making general method.A multi-attribute rule is acquired by a negotiate mechanism in first stage,and then winner is decided based on the bidders information of weight and attribute value.In order to realize the theoretical framework in computer network,a multi-agent system method is introduced.Finally a simple two-dimensional attribute auction illustration is analyzed,results show that the present auction mechanism is an optimal auction which can improve the information exchange between tender and bidder,and the multi-agent system can enhance online auction efficacy.

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What this paper is about

Study on present online auction shows that online multi-attribute procurement auction is still in an elementary stage of delivering information.Based on participant and incentive compatibility constraint of principle-agent theory,the paper proposes a multi-attribute procurement auction mechanism through improving multi-attribute decision-making general method.A multi-attribute rule is acquired by a negotiate mechanism in first stage,and then winner is decided based on the bidders information of weight and attribute value.In order to realize the theoretical framework in computer network,a multi-agent system method is introduced.Finally a simple two-dimensional attribute auction illustration is analyzed,results show that the present auction mechanism is an optimal auction which can improve the information exchange between tender and bidder,and the multi-agent system can enhance online auction efficacy.

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Available abstract

Study on present online auction shows that online multi-attribute procurement auction is still in an elementary stage of delivering information.Based on participant and incentive compatibility constraint of principle-agent theory,the paper proposes a multi-attribute procurement auction mechanism through improving multi-attribute decision-making general method.A multi-attribute rule is acquired by a negotiate mechanism in first stage,and then winner is decided based on the bidders information of weight and attribute value.In order to realize the theoretical framework in computer network,a multi-agent system method is introduced.Finally a simple two-dimensional attribute auction illustration is analyzed,results show that the present auction mechanism is an optimal auction which can improve the information exchange between tender and bidder,and the multi-agent system can enhance online auction efficacy.

Key concepts: Vickrey–Clarke–Groves auction, Computer science, Auction theory, Revenue equivalence, Reverse auction, Auction algorithm, Incentive compatibility, Generalized second-price auction

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