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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.
Czasopismo
Rocznik
Tom
Strony
23--33
Opis fizyczny
Bibliogr. 21 poz., rys.
Twórcy
autor
- Systems Research Institute of the Polish Academy of Sciences, ul. Newelska 6, 01-447 Warsaw, Poland
autor
- Institute of Control and Computation Engineering, Warsaw University of Technology, ul. Nowowiejska 15/19, 00-665 Warsaw, Poland
autor
- Institute of Control and Computation Engineering, Warsaw University of Technology, ul. Nowowiejska 15/19, 00-665 Warsaw, Poland
Bibliografia
- [1] AIMMS. Optimization Software for Operations Research Applications, www.aimms.com
- [2] BISSCHOP J., ROELOFS M., The AIMMS Language Reference. Paragon Decision Technology, 2009.
- [3] CHAO HUNG-PO, WILSON R., Multi-Dimensional Procurement Auctions for Power Reserves: Robust Incentive-Compatible Scoring and Settlement Rules, Journal of Regulatory Economics, 2002, 22 (2),161–183.
- [4] FISHER R., URY W., Getting to Yes, Hougton Mifflin, Boston 1981.
- [5] JURCA R., FALTINGS B., Towards Incentive-Compatible Reputation Management. Artificial Intelligence Laboratory, IEEE International Conference on E-Commerce, 2003, CEC 2003, 285–292.
- [6] KOZŁOWSKI B., OGRYCZAK W., On Ordered Weighted Reference Point Model for Multi-Attribute Procurement Auctions, Lecture Notes in Computer Science, 2011, 6922, 294–303.
- [7] KRUŚ L., SKORUPIŃSKI J., TOCZYŁOWSKI E., Analysis of Incentive Compatible Multicriteria Decisions for a Producer And Clients Problem, [in:] Multiple Criteria Decision Making 2012, T. Trzaskalik, T. Wachowicz (Eds.), Publisher of the Karol Adamiecki University of Economics in Katowice, 2012, 132–145.
- [8] KRUŚ L., Multicriteria Decision Support in Bargaining, a Problem of Players Manipulations, [in:] Multiple Objective and Goal Programming, T. Trzaskalik, J. Michnik (Eds.), Physica Verlag, Springer, Heidelberg 2001, 143–160.
- [9] KRUŚ L., A multicriteria approach to cooperation in the case of innovative activity, Control and Cybernetics, 2004, 33 (1), 449–462.
- [10] KRUŚ L., On Some Procedures Supporting Multicriteria Cooperative Decisions, Foundations of Computing and Decision Science, 2008, 33 (3), 257–270.
- [11] MAYERSON R., Incentive Compatibility and the Bargaining Problem, Econometrica, 1979, 47 (1), 61–73.
- [12] MCAFEE R.P., MCMILLAN J., Multidimentional Incentive Compatibility and Mechanism Design, Journal of Economic Theory, 1988, 46 (2), 335–354.
- [13] MILGROM P.R., WEBER R.J., A theory of auctions and competitive bidding, Econometrica, 1982, 50 (5), 1089–1122.
- [14] OGRYCZAK W., WIERZBICKI A., On Multi-Criteria Approaches to Bandwidth Allocation, Control and Cybernetics, 2004, 33 (3), 427.
- [15] RUTSTROM E.E., Home-grown values and incentive compatible auction design, Int. J. Game Theory, 1998, 27, 421–441.
- [16] TEICH J.E., WALLENIUS H., WALLENIUS J., ZAITSEV A., A multi-attribute e-auction mechanism for procurement: theoretical foundations, Eur. J. Opnl. Res., 2006, 175, 90–100.
- [17] TOCZYŁOWSKI E., Optimization of market processes subject to constraints, AOW EXIT, Warsaw 2003 (in Polish).
- [18] TOCZYŁOWSKI E., Incentive compatibility in mechanisms of the energy market, Rynek Energii, 2009, 2 (4), 88–95 (in Polish).
- [19] VICKREY W.S., Counterspeculation, auctions, and competitive sealed tenders, Journal of Finance, 1961, 16, 8–37.
- [20] WIERZBICKI A.P., On the Completeness and Constructiveness of Parametric Characterizations to Vector Optimization Problems, Springer Verlag, OR Spectrum, 1986, 8, 73–87.
- [21] WIERZBICKI A.P., MAKOWSKI M., WESSELS J., Model-Based Decision Support Methodology with Environmental Applications, Kluwer Academic Press, Dordrecht 2000.
Typ dokumentu
Bibliografia
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