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What is E-Auction

Chapter 16
Encyclopedia of Information Science and Technology, Second Edition
This is a centralized protocol for redistributing resources among agents. Each agent attaches a value to each resource. The seller asks a price for a resource and buyer offers a price and they negotiate over the Internet to achieve a desired outcome satisfying to both; else the negotiation fails.
Published in Chapter:
Agent-Based Negotiation in E-Marketing
V.K. Murthy (University of New South Wales, Australia) and E.V. Krishnamurthy (Australian National University, Australia)
Copyright: © 2009 |Pages: 5
DOI: 10.4018/978-1-60566-026-4.ch016
Abstract
This article describes in brief the design of agent-based negotiation system in e-marketing. Such a negotiation scheme requires the construction of a suitable set of rules, called protocol, among the participating agents. The construction of the protocol is carried out in two stages: first expressing a program into an object-based rule system and then converting the rule applications into a set of agent-based transactions on a database of active objects represented using high-level data structures.
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Chapter 7
B2B E-Commerce Development in Syria and Sudan
Electronic auctions offer an electronic implementation of the biding mechanism known from the traditional auctions. E-auctions can be accompanied by multimedia presentations of the goods. They also include integration of the bidding process with contracting, payments and delivery. Benefits for suppliers and buyers are increased efficiency, timesaving, and global sourcing.
Published in Chapter: B2B E-Commerce Development in Syria and Sudan; From: Encyclopedia of Information Communication Technology
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