Mixed Multi-unit Combinatorial Auctions Research Articles

The complexity of mixed multi-unit combinatorial auctions: Tractability under structural and qualitative restrictions

Mixed multi-unit combinatorial auctions (MMUCAs) are extensions of classical combinatorial auctions (CAs) where bidders trade transformations of goods rather than just sets of goods. Solving MMUCAs, i.e., determining the sequences of bids to be accepted by the auctioneer, is computationally intractable in general. However, differently from classical combinatorial auctions, little was known about whether polynomial-time solvable classes of MMUCAs can be singled out on the basis of their characteristics. The paper fills this gap, by studying the computational complexity of MMUCA instances under structural and qualitative restrictions, which characterize interactions among bidders and types of bids involved in the various transformations, respectively.

A graphical formalism for mixed multi-unit combinatorial auctions

Mixed multi-unit combinatorial auctions are auctions that allow participants to bid for bundles of goods to buy, for bundles of goods to sell, and for transformations of goods. The intuitive meaning of a bid for a transformation is that the bidder is offering to produce a set of output goods after having received a set of input goods. To solve such an auction the auctioneer has to choose a set of bids to accept and decide on a sequence in which to implement the associated transformations. Mixed auctions can potentially be employed for the automated assembly of supply chains of agents. However, mixed auctions can be effectively applied only if we can also ensure their computational feasibility without jeopardising optimality. To this end, we propose a graphical formalism, based on Petri nets, that facilitates the compact represention of both the search space and the solutions associated with the winner determination problem for mixed auctions. This approach allows us to dramatically reduce the number of decision variables required for solving a broad class of mixed auction winner determination problems. An additional major benefit of our graphical formalism is that it provides new ways to formally analyse the structural and behavioural properties of mixed auctions.

A test suite for the evaluation of mixed multi-unit combinatorial auctions

Mixed Multi-Unit Combinatorial Auctions extend and generalize all the preceding types of combinatorial auctions. In this paper, we try to make headway on the practical application of MMUCAs by: (1) providing an algorithm to generate artificial data that is representative of the sort of scenarios a winner determination algorithm is likely to encounter; and (2) subsequently assessing the performance of an Integer Programming implementation of MMUCA in CPLEX.

Mixed multi-unit combinatorial auctions for supply chain management

Mixed Multi-Unit Combinatorial Auctions (MMUCAs) allow agents to bid for bundles of goods to buy, goods to sell, and transformations of goods. In particular, MMUCAs offer a high potential to be employed for the automated assembly of supply chains of agents offering goods and services, and in general MMUCAs extend and generalise several types of combinatorial auctions. In this letter, we summarise our current research on MMUCAs and highlight lines for future research.