DocumentCode :
574992
Title :
A matrix-based algorithm to yield efficient allocation in price interval
Author :
Zhu, Junwu ; Wang, Sicheng ; Li, Bin
Author_Institution :
Sch. of Inf. Eng., Yangzhou Univ., Yangzhou, China
fYear :
2011
fDate :
Nov. 29 2011-Dec. 1 2011
Firstpage :
315
Lastpage :
319
Abstract :
In order to achieve an efficient allocation in price interval, this paper allows bidders to present their demands list on all items so as to promote the possibility to be allotted an item and generate the farthest price ascending under real demands. We propose a concept named matrix of demand strength which is yield by a multi-price ascending simultaneously, and, based on this matrix, an allocation algorithm is given to guarantee that the revenue of this dynamic auction is maximized. Also, the efficient allocation algorithm based on matrix is implemented by using JAVA program in this paper. Comparing with existed method, result of this paper holds the property that the allocation produced by this paper is optimal.
Keywords :
Java; commerce; financial data processing; matrix algebra; pricing; Java program; dynamic auction; matrix of demand strength; matrix-based algorithm; price interval allocation; revenue maximisation; Cost accounting; Dynamic scheduling; Economics; Heuristic algorithms; Indexes; Resource management; Vectors;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Computer Sciences and Convergence Information Technology (ICCIT), 2011 6th International Conference on
Conference_Location :
Seogwipo
Print_ISBN :
978-1-4577-0472-7
Type :
conf
Filename :
6316628
Link To Document :
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