Information retrieval: data structures and algorithms
Information retrieval: data structures and algorithms
How should CIOs deal with Web-based auctions?
Communications of the ACM
Pricing Agents for a Group Buying System
EurAsia-ICT '02 Proceedings of the First EurAsian Conference on Information and Communication Technology
Time Series Analysis and Its Applications (Springer Texts in Statistics)
Time Series Analysis and Its Applications (Springer Texts in Statistics)
A Heuristic Based Seller Agent for Simultaneous English Auctions
Proceedings of the 2008 conference on ECAI 2008: 18th European Conference on Artificial Intelligence
Efficient bid pricing based on costing methods for internet bid systems
WISE'06 Proceedings of the 7th international conference on Web Information Systems
Autonomous Seller Agent for Multiple Simultaneous English Auctions
International Journal of Agent Technologies and Systems
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It is very important that sellers provide reasonable reserve prices for auction items in internet auction systems. We recently have proposed the agent based system in order to generate reserve prices automatically, based on the case similarity of information retrieval theory and the moving average of time series analysis. However, the approaches have some problems that they can not reflect the recent trend of auction prices on the generated reserve prices properly, because they only provide the bid prices or average prices of items, by using the past auction data for sellers. In this paper, in order to overcome the problems, we propose Similarity-Based Time Series Analysis which search the past bid price through case similarity and then generate reserve prices by using time series analysis. Through performance experiments, we show that the successful bid rate of the new method can be improved by preventing sellers from making unreasonable reserve prices compared with the past methods.