Auctions in electronic commerce - Efficiency versus computational tractability

In Electronic Commerce, the intra-organizational coordinationof directly responsible units, e. g. profitcentersor firms within an affiliated group, is of increasingimportance. These organizational units can be modeledwithin a Multi-Agent System (MAS), an interconnectionof autonomous information systems. This paperinvestigates co-ordination mechanisms for MAS indecentralized transportation planning that ensureefficient allocation of scarce resources on the basis oflocal planning processes. In the domain oftransportation, planning problems are characterized bylarge amounts of data, limitations of time for planningand the intractability of computational problems.Auctions as market-like co-ordination mechanisms arediscussed with respect to the trade-off between theoreticalevidence on the quality of the allocation andcomputational tractability.

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Year of publication:	1997
Authors:	Gomber, Peter ; Weinhardt, Christof ; Schmidt, Claudia
Publisher:	Universität <Gießen> / Professur für Betriebswirtschaftslehre mit Schwerpunkt Wirtschaftsinformatik
Subject:	Electronic Commerce

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Extent:	6 p. application/pdf
Series:	Universität Gießen - Professur für Betriebswirtschaftslehre mit Schwerpunkt Wirtschaftsinformatik - Veröfffentlichungen
Type of publication:	Book / Working Paper
Language:	English
Classification:	Business data processing. General ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005841778