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A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA)
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Jin Ho Choi (Graduate School of Management, Korea Advanced Institute of Science and Technology)
Yong Sik Chang (Department of e-Business, Hanshin University)
Ingoo Han (Graduate School of Management, Korea Advanced Institute of Science and Technology)
Vol. 12, No. 1, Page: 139 ~ 161
Keywords
Combinatorial auction, N-Bilateral optimized combinatorial auction, Model formulation
Abstract
In this paper, we introduce a new combinatorial auction mechanism - N-Bilateral Optimized Combinatorial Auction (N-BOCA). N-BOCA is a flexible iterative combinatorial auction model that offers optimized trading for multi-suppliers and multi-purchasers in the supply chain. We design the N-BOCA system from the perspectives of architecture, protocol, and trading strategy. Under the given N-BOCA architecture and protocol, auctioneers and bidders have diverse decision strategies f3r winner determination. This needs flexible modeling environments. Hence, we propose an optimization modeling agent for bid and auctioneer selection. The agent has the capability to automatic model formulation for Integer Programming modeling. Finally, we show the viability of N-BOCA through prototype and experiments. The results say both higher allocation efficiency and effectiveness compared with 1-to-N general combinatorial auction mechanisms.
Show/Hide Detailed Information in Korean
공급사슬에서의 새로운 동적 경매 메커니즘: 다자간 최적화 조합경매 모형
최진호 (한국과학기술원 테크노경영대학원)
장용식 (한신대학교 e-비즈니스학과)
한인구 (한국과학기술원 테크노경영대학원)
Abstract
본 논문에서는 새로운 조합경매(combinational auction)모형인 다자간 최적화 경매모형(N-Bilateral Optimized Combinatorial Auction; N-BOCA)을 제시하였다. N-BOCA는 다수의 공급자 및 다수의 구매자간 최적화된 거래를 지원하는 조합경매모형이다. 특히 아키텍처, 거래규약, 거래전략 세가지 관점에서 N-BOCA 시스템을 설계하였다. 경매시장 참여자인 경매자들과 입찰자들은 특정 아키텍처 및 거래규약하에서 최적 거래 대상자 선정을 위한 다양한 전략을 가지게 되며 이러한 거래전략에 따른 유연한 의사결정 모델링 지원을 필요로 한다. 이에 본 논문에서는 최적의 입찰 및 경매자 선정을 위한 Integer Programming 모형 기반의 에이전트 시스템을 제시하였다. 아울러 N-BOCA모형의 유용성을 입증하기 위해 프로토타입과 실험결과를 제시하였다. 실험결과, 기존의 일대다 조합경매 모형 대비 높은 거래 성과를 나타내었다.
Cite this article
JIIS Style
Choi, J. H., Y. S. Chang, and I. Han, "A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA)", Journal of Intelligence and Information Systems, Vol. 12, No. 1 (2006), 139~161.

IEEE Style
Jin Ho Choi, Yong Sik Chang, and Ingoo Han, "A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA)", Journal of Intelligence and Information Systems, vol. 12, no. 1, pp. 139~161, 2006.

ACM Style
Choi, J. H., Chang, Y. S., and Han, I., 2006. A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA). Journal of Intelligence and Information Systems. 12, 1, 139--161.
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@article{Choi:JIIS:2006:253,
author = {Choi, Jin Ho and Chang, Yong Sik and Han, Ingoo},
title = {A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA)},
journal = {Journal of Intelligence and Information Systems},
issue_date = {March 2006},
volume = {12},
number = {1},
month = Mar,
year = {2006},
issn = {2288-4866},
pages = {139--161},
url = {},
doi = {},
publisher = {Korea Intelligent Information System Society},
address = {Seoul, Republic of Korea},
keywords = { Combinatorial auction, N-Bilateral optimized combinatorial auction and Model formulation },
}
%0 Journal Article
%1 253
%A Jin Ho Choi
%A Yong Sik Chang
%A Ingoo Han
%T A New Dynamic Auction Mechanism in the Supply Chain: N-Bilateral Optimized Combinatorial Auction (N-BOCA)
%J Journal of Intelligence and Information Systems
%@ 2288-4866
%V 12
%N 1
%P 139-161
%D 2006
%R
%I Korea Intelligent Information System Society