A last-minute auction in travel industry | |
| Author | Le Thi Nhan |
| Call Number | AIT Thesis no.CS-04-06 |
| Subject(s) | Internet auctions Electronic commerce Auctions |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science, School of Advanced Technologies |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CS-04-06 |
| Abstract | Electronic Auction ( e-auction) has rapidly become one of the most widespread applications in Electronic Commerce. Everyday, there are many buying and selling transactions happened in auction sites, and most of them take place in forward auctions. Within those eauctions, the online products are almost everything such as electronic parts, artwork, vacation packages, airline ticket, collectibles, etc. In this thesis, the reverse auction was studied and implemented by proposing the suitable bidding mechanism for last-minute product, which have a limited lifetime, like hotel rooms. These vacant rooms should be sold as soon as possible before their value becomes nothing. Therefore, the Last-Minute Auction not only helped the buyers get their desired rooms, but also helped the sellers sell quickly their rooms. Besides, this research combined the Hungarian algorithm and Branch-and-Bound search to match the buyer's demand and the seller's supply and optimize the auction owner's profit. These algorithms yielded the approximately optimal solution which satisfied the conditions of research's problem. |
| Year | 2004 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CS-04-06 |
| Type | Thesis |
| School | School of Advanced Technologies (SAT) |
| Department | Department of Information and Communications Technologies (DICT) |
| Academic Program/FoS | Computer Science (CS) |
| Chairperson(s) | Vatcharaporn Esichaikul; |
| Examination Committee(s) | Huynh Ngoc Phien; Haddawy, Peter; |
| Scholarship Donor(s) | AIT Fellowship; |
| Degree | Thesis (M.Sc.) - Asian Institute of Technology, 2004 |