A multi-attribute auction is a type of auction in which the bids have multiple parts.[1][2] Multi-attribute auctions allow agents to sell and purchase goods and services, taking into account more attributes than just price (e.g. service time, tolerances, qualities, etc.).
The earliest research paper about a multi-attribute auction appeared in a 1994 discussion on construction contracts.[3] In 1997, they were discussed in the context of long-term electricity contracts.[4]
Attributesedit
The structural elements of a bid are called designated attributes. Attributes may be verifiable, unverifiable, or auctioneer-provided.[5] If bids include a single quality, such as price, the auction is referred to as a single-attribute auction. Generally, bids are prices in English auctions, and confirmations in Dutch and Japanese auctions. In Brazilian auctions, they refer to the numbers of units being traded.
A scoring, or utility function, is essential for multi-attribute auctions, as it calculates a single number from multiple attributes, making bids that vary in multiple ways comparable.[4] This scoring function is announced by the auctioneer to the bidders before the start of the auction.[6]
^Pla, Albert; López, Beatriz; Murillo, Javier; Maudet, Nicolas (August 2014). "Multi-attribute auctions with different types of attributes: Enacting properties in multi-attribute auctions". Expert Systems with Applications. 41 (10): 4829–4843. doi:10.1016/j.eswa.2014.02.023. hdl:10256/9601.
^Huang, He; Liu, Liming; Parker, Geoffrey; Tan, Yinliang (Ricky); Xu, Hongyan (26 December 2018). "Multi-Attribute Procurement Auctions in the Presence of Satisfaction Risk". Production and Operations Management. 28 (5): 1206–1221. doi:10.1111/poms.12979.
^Huijun, Feng (1994). "The Application of Multi-objective Optimization to Bid Decision". Systems Engineering --- Theory & Practice. 1994–12.
^ abCameron, Lisa J.; Cramton, Peter; Wilson, Robert (December 1997). "Using auctions to divest generation assets" (PDF). The Electricity Journal. 10 (10): 22–31. doi:10.1016/S1040-6190(97)80317-X. hdl:1903/7076.
^Pla, Albert; López, Beatriz; Murillo, Javier; Maudet, Nicolas (1 August 2014). "Multi-attribute auctions with different types of attributes: Enacting properties in multi-attribute auctions". Expert Systems with Applications. 41 (10): 4829–4843. doi:10.1016/j.eswa.2014.02.023. hdl:10256/9601.
^David, Esther; Azoulay-Schwartz, Rina; Kraus, Sarit (15 July 2002). "Protocols and strategies for automated multi-attribute auctions". Proceedings of the first international joint conference on Autonomous agents and multiagent systems part 1 - AAMAS '02. Association for Computing Machinery. pp. 77–85. doi:10.1145/544741.544761. ISBN1581134800. S2CID 14576728. Retrieved 25 April 2021.
May 01, 2024
multi, attribute, auction, multi, attribute, auction, type, auction, which, bids, have, multiple, parts, allow, agents, sell, purchase, goods, services, taking, into, account, more, attributes, than, just, price, service, time, tolerances, qualities, contents,. A multi attribute auction is a type of auction in which the bids have multiple parts 1 2 Multi attribute auctions allow agents to sell and purchase goods and services taking into account more attributes than just price e g service time tolerances qualities etc Contents 1 History 2 Attributes 3 See also 4 ReferencesHistory editThe earliest research paper about a multi attribute auction appeared in a 1994 discussion on construction contracts 3 In 1997 they were discussed in the context of long term electricity contracts 4 Attributes editThe structural elements of a bid are called designated attributes Attributes may be verifiable unverifiable or auctioneer provided 5 If bids include a single quality such as price the auction is referred to as a single attribute auction Generally bids are prices in English auctions and confirmations in Dutch and Japanese auctions In Brazilian auctions they refer to the numbers of units being traded A scoring or utility function is essential for multi attribute auctions as it calculates a single number from multiple attributes making bids that vary in multiple ways comparable 4 This scoring function is announced by the auctioneer to the bidders before the start of the auction 6 See also editMulti attribute global inference of quality Multi attribute utilityReferences edit Pla Albert Lopez Beatriz Murillo Javier Maudet Nicolas August 2014 Multi attribute auctions with different types of attributes Enacting properties in multi attribute auctions Expert Systems with Applications 41 10 4829 4843 doi 10 1016 j eswa 2014 02 023 hdl 10256 9601 Huang He Liu Liming Parker Geoffrey Tan Yinliang Ricky Xu Hongyan 26 December 2018 Multi Attribute Procurement Auctions in the Presence of Satisfaction Risk Production and Operations Management 28 5 1206 1221 doi 10 1111 poms 12979 Huijun Feng 1994 The Application of Multi objective Optimization to Bid Decision Systems Engineering Theory amp Practice 1994 12 a b Cameron Lisa J Cramton Peter Wilson Robert December 1997 Using auctions to divest generation assets PDF The Electricity Journal 10 10 22 31 doi 10 1016 S1040 6190 97 80317 X hdl 1903 7076 Pla Albert Lopez Beatriz Murillo Javier Maudet Nicolas 1 August 2014 Multi attribute auctions with different types of attributes Enacting properties in multi attribute auctions Expert Systems with Applications 41 10 4829 4843 doi 10 1016 j eswa 2014 02 023 hdl 10256 9601 David Esther Azoulay Schwartz Rina Kraus Sarit 15 July 2002 Protocols and strategies for automated multi attribute auctions Proceedings of the first international joint conference on Autonomous agents and multiagent systems part 1 AAMAS 02 Association for Computing Machinery pp 77 85 doi 10 1145 544741 544761 ISBN 1581134800 S2CID 14576728 Retrieved 25 April 2021 Retrieved from https en wikipedia org w index php title Multi attribute auction amp oldid 1210358963, wikipedia, wiki, book, books, library,
