Ayrıntılı Bilimsel Program ve Bildiri Özetleri - YAEM2010

YAEM 2010
YÖNEYLEM ARAÞTIRMASI VE ENDÜSTRÝ MÜHENDÝSLÝGI 30. ULUSAL KONGRESÝ
group decision support system (GDSS) is developed based on an
Analytic Hierarchy Process model. The GDSS provides a fast, flexible
and dynamic environment which enables the participation of several
evaluators with the use of advanced web technologies.
An Experimental Study on Internet Auctions Using Agent
Based Modeling Approach
Osman Nuri Darcan, Bertan Badur
Department of MIS, Boðaziçi University, Istanbul
With the widespread use of the Internet, e-auctions become popular
in order to trade increasing number of goods. The effect of the
bidding strategies on the winner's payoff is studied theoretically in
microeconomics, where perfect rationality of participants is assumed.
To overcome this limitation, the newly emerging agent based
modeling and simulation methodology is adapted to investigate the
behavior and interactions of autonomous, heterogeneous, bounded
rational agents in electronic markets.
The aim of this study is to present a dynamic model of an ascending-
bid, second-price auction to examine how the auction outcome and
the winner's payoff are affected. We adapt the agent based modeling
methodology in developing a simplified model of e-auction which
consists of a single seller offering one item. There are n
bidders/agents with predetermined reservation prices; each is
assigned one of the eight non-intelligent strategies mainly
differentiated by the bid-increment techniques applied during the
course of the auction. Sensitivity of the auction outcome on market
design parameters such as duration of the auction, are also
investigated. We basically observed that all the strategies converged
to the same payoff that corresponds to the difference between two
highest prices, which is consistent with the weakly dominant strategy
of Vickrey.
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