Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
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Adding Business rules as side Constraintsfurther increases the complexity• Number <strong>of</strong> Winning Suppliers◦ Multi sourcing• Budget Limits on Trades◦ How much I can spend• Marketshare Constraints◦ How much business to allocate to each winner• Reservation Prices◦ What is the minimum price below which the seller willnot sell the product , i.e. minimum bid price