Analysis of incentive compatible decisions in a multicriteria auction

• Authors: Lech KRUŚ , Jan SKORUPIŃSKI , Eugeniusz TOCZYŁOWSKI
• Languages of publication: EN

Abstracts

EN

An iterative multicriteria closed-auction conducted with the use of a multi-agent computer-based system is analyzed. This system supports the submission of offers, multicriteria analysis carried out by the organizer of the auction, simulation, and analysis of the behavior of competing bidders. Analysis of incentive compatible decisions is the main subject of this research. A mathematical formulation of the decision making problem and selected results of a bidding session conducted using this system are presented and analyzed.

Keywords

EN

multicriteria auction; incentive compatible decisions; multi-agent systems; multicriteria optimization

• Publisher: Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
• Journal: Operations Research and Decisions
• Year: 2013
• Volume: 23
• Issue: 3
• Pages: 23-33

Contributors

author

Lech KRUŚ

• Systems Research Institute of the Polish Academy of Sciences, ul. Newelska 6, 01-447 Warsaw, Poland

author

Jan SKORUPIŃSKI

• Institute of Control and Computation Engineering, Warsaw University of Technology, ul. Nowowiejska 15/19, 00-665 Warsaw, Poland

author

Eugeniusz TOCZYŁOWSKI

• Institute of Control and Computation Engineering, Warsaw University of Technology, ul. Nowowiejska 15/19, 00-665 Warsaw, Poland

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Identifiers

DOI

10.5277/ord130302