2014 IEEE Congress on Evolutionary Computation (CEC) 2014
DOI: 10.1109/cec.2014.6900493
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An improved ant colony algorithm for winner determination in multi-attribute combinatorial reverse auction

Abstract: This paper considers the problem of one buyer procuring multi-items from multiple potential suppliers in the electronic reverse auction, where each supplier can bid on combinations of items. From the perspective of the buyer, by considering multi-attributes of each item, a winner determination problem (WDP) of multi-items single-unit combinatorial reverse auctions was described and a bi-objective programming model was established. According to the characteristics of the model, an equivalent single-objective pr… Show more

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Cited by 9 publications
(4 citation statements)
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“…Table 8 provides the processing time of IAC, EAB and GAMICRA for much simpler combinatorial reverse auctions. The first two were taken directly from [24] and the last one from [15]. As we can see WD is significantly superior to all of them.…”
Section: Comparison With Heuristic Algorithmsmentioning
confidence: 97%
“…Table 8 provides the processing time of IAC, EAB and GAMICRA for much simpler combinatorial reverse auctions. The first two were taken directly from [24] and the last one from [15]. As we can see WD is significantly superior to all of them.…”
Section: Comparison With Heuristic Algorithmsmentioning
confidence: 97%
“…. , S N }, and the element of L is the side of any two points in S [43]- [45]. In this paper, the undirected graph G V = {V , L} of DPCMP satisfies the assumptions: if there is no intersection between two groups, there is an side between the two groups.…”
Section: A Construct Undirected Graphmentioning
confidence: 99%
“…They found solutions of very large problems, which are comparable or even better than any other solution found by other heuristics. An improved ant colony (IAC) algorithm considering the dynamic transition strategy and the Max-Min pheromone strategy was proposed for the allocation problem (17) . The study of approximate optimal solution to the WDP problem in combinatorial auctions can help the auctioneer to make a quick and efficient decision to increase the profits for the auctioneer.…”
Section: Related Workmentioning
confidence: 99%