Brenda Dietrich

Mathematics of the Internet: E-Auction and Markets - The IMA Volumes in Mathematics and its Applications Brenda Dietrich Softcover reprint of the original 1st ed. 2002 edition

Description for Sales People: This volume, a collection of papers from an IMA "Hot Topics" workshop in internet auctions, includes descriptions of real and proposed auctions, complete with mathematical model formulations, theoretical results, solution approaches, and computational studies. This volume also provides a mathematical programming perspective on open questions in auction theory, and provides a glimpse of the growing area of dynamic pricing. Table of Contents: * Modeling opportunities in auctions * A column generation approach for combinatorial auctions * Price negotiations for procurement of direct inputs * An iterative online auction for airline seats * An integer programming formulation of the bid evaluation problem for coordinated tasks * Linear programming and Vickrey auctions * Auctioning telecommunications bandwidth with guaranteed quality of service * Pricebot dynamics * Threshold pricing for selling network capacity through forward contracts * List of workshop participantsMarc Notes: Originally published: 2002.; The use of the internet for commerce has spawned a variety of auctions, marketplaces and exchanges for trading everything from bandwidth to books. This volume includes descriptions of real and proposed auctions, complete with mathematical model formulations, theoretical results, solution approaches, and computational studies.

Contributor Bio:  Vohra, Rakesh V Rakesh V. Vohra is the John L. and Helen Kellogg Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management, Northwestern University, where he is also Director of the Center for Mathematical Studies in Economics and Management Science. He previously taught at the Fisher School of Business, Ohio State University and is the author of Advanced Mathematical Economics (2005). Professor Vohra has also completed a manuscript on the principles of pricing with Lakshman Krishnamurthi, Professor of Marketing at the Kellogg School. Professor Vohra received his doctorate in mathematics from the University of Maryland.