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Multi-Attribute Reverse Auction and Negotiation

Members

  • Shikui Wu, Gregory Kersten, Rustam Vahidov and Dmitry Gimon (Concordia University, Canada)
  • Rossella Moramarco and Pierpaolo Pontrandolfo (Politecnico di Bari, Italy)

Overview

Transactions through e-markets are numerous and continue to grow. Auctions and negotiations are typical exchange mechanisms used for the procurement of goods and services in e-markets. Exchange mechanisms can be implemented using various information technologies, resulting in different e-market systems. Existing literature has either focused on the mechanisms and the technologies separately, or viewed e-market system as a “black-box”. Inconsistent results on the impact of e-market systems have led to the consideration of contextual factors. Nevertheless, little effort has been made to systemically examine the joint and conditional effects of the mechanisms and technologies in e-market exchange. This has made the comparison of markets inadequate and unrealistic.

The proposed research adopts a contingency perspective to explore the alignment patterns among exchange mechanisms, information technologies and transaction tasks in logistics services procurement. Web-based experiments are designed to compare the substantive performance and the participants’ perceptions and satisfaction under different settings, in which three multi-attribute exchange mechanisms are implemented using different technologies and are used for different transaction tasks. The potential contribution is to provide guidelines for appropriate design and selection of exchange mechanisms, particularly for logistics services procurement.

Methodology

Laboratory and Web-based experiments with settings that resemble real-life situations in e-business. The participants will be students from business schools and professionals in logistics service.

Systems

Two state of art systems have been developed and used for experimental studies: (1) Imaras: a multi-attribute reverse auction system; and, (2) Imbins: a multi-bilateral negotiation system.

The video demonstration of our systems are available on YouTube: Imaras and Imbins (seller, buyer).

Deliverables

Kersten, G.E., and Wu, S. (2012). A Multi-Attribute Auctioning Method and System. USPTO, U.S.A.

Kersten, G.E., Pontrandolfo, P., and Wu, S. (2012). A Multiattribute Auction Procedure and Its Implementation, in: 45th Hawaii International Conference on System Science (HICSS), IEEE Computer Society, Hawaii, USA. 600-609.

Kersten, G.E., Pontrandolfo, P., Vahidov, R., and Gimon, D. (2011). Negotiation and Auction Mechanisms: Two Systems and Two Experiments, in: Web 2011 Proceedings, D.Z. M.J. Shaw, W. T. Yue (ed.), Springer. 400-412.

Kersten, G.E., Szapiro, T. and Wu, S. (2010). A Procedure for Multiattribute Reverse Auctions with two Strategic Parameters. INR08/10.

Pontrandolfo. P., Wu, S., Moramarco. R. and Kersten, G.E. (2010). Auctions and Negotiations in Transportation Service Procurement. Proceeding of 11th Group Decision and Negotiation Conference. Deft, The Netherlands. June 21-23. Gert-Jan de Vreede (eds.). 241-252.

more working papers ...

 
  June 24, 2017
 
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InterNeg Research Centre, Concordia University (Montreal)