Towards Better Approximation of Winner Determination for Combinatorial Auctions with Large Number of Bids
Towards Better Approximation of Winner Determination for Combinatorial Auctions with Large Number of Bids
复制标题
更好地近似确定大量出价的组合拍卖的获胜者
DOI:
10.1109/iat.2006.123
复制
发表时间:
2006
期刊:
影响因子:
--
通讯作者:
Takayuki Ito
中科院分区:
文献类型:
--
作者:
Naoki Fukuta;Takayuki Ito
We propose new approximate algorithms for combinatorial auctions with massively large number of (more than 100,000) bids. In this paper, we focus on a more practical approximated algorithm in the context of revenue maximization. We propose a hill-climbing greedy algorithm, a SA-like random search algorithm, and their enhancement for searching multiple key parameter values. The experimental results demonstrate that our algorithms perform approximately 0.997 optimality compared with the optimal solutions and better than previously presented approximated algorithms. We also demonstrate that our algorithms are a kind of anytime algorithm that bring better results in shorter computational time that can be applied to large and dynamic electronic markets.