Solving Sequential Mixed Auctions with Integer Programming

Mixed multi-unit combinatorial auctions (MMUCAs) offer a high potential to be employed for the automated assembly of supply chains of agents. However, in order for mixed auctions to be effectively applied to supply chain formation, we must ensure computational tractability and reduce bidders’ uncertainty. With this aim, we introduce Sequential Mixed Auctions (SMAs), a novel auction model conceived to help bidders collaboratively discover supply chain structures. Thus, an SMA allows bidders progressively build a supply chain structure through successive auction rounds.

• Type: Journal
• Year: 2011
• Where: CAEPIA
• Authors: Boris Mikhaylov, Jesús Cerquides, Juan A. Rodríguez-Aguilar
• Keywords: Artificial Intelligence, Auction Model, CAEPIA 2011, Chain Formation, Computational Tractability