Essays about: "Reverse Japanese Auction"

Found 1 essay containing the words Reverse Japanese Auction.

1. 1. Computer Science Optimization Of Reverse auction : Reverse Auction

   University essay from Linnéuniversitetet/Institutionen för datavetenskap (DV)

   Author : Athmar Mubark; [2017]
   Keywords : Reverse Auction; Electronic Auction; E-auction; E-procurement; Online Auction; Buyer; Seller; Purchaser; Bidding; Reverse English auction Reverse Dutch auction; Reverse Yankee Auction; Reverse Japanese Auction; Reverse Sealed bid auction; Reverse Vickrey Auction;

   Abstract : Many people still confused and misunderstand the differences between auction types: In fact, we have only two major types of auctions which are the forward auction and Reverse auction[22]. In a forward auction a single seller offers an item for sale with many competitive buyers driving the price upward: In a Reverse Auction, a single buyer wants to purchase a service or an item from many sellers, they drive the price downward: There are many differences between these type of auction: Including the progress of the auctions; winner selection criterion and other factors: The Reverse Auction nowadays is one of the most preferred types of online auctions: It gains popularity rapidly because of representing the buyers' side and helps him to drive prices down in contrary with the forward auction or traditional auction. READ MORE