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A last-minute auction in travel industry

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dc.contributor.author Le Thi Nhan en_US
dc.date.accessioned 2015-01-12T10:40:10Z
dc.date.available 2015-01-12T10:40:10Z
dc.identifier.other AIT Thesis no.CS-04-06 en_US
dc.identifier.uri http://www.cs.ait.ac.th/xmlui/handle/123456789/294
dc.description Pathum Thani, Thailand : Asian Institute of Technology, 2004 en_US
dc.description 96 p. en_US
dc.description.abstract Electronic Auction (e-auction) has rapidly become one of the most wide spread applications in Electronic Commerce. Everyday, there are many buying and se lling transactions happened in auction sites, and most of them take place in fo rward auctions. Within those e- auctions, the online products are almost ever ything such as electronic parts, artwork, vacation packages, airline ticket, collectibles, etc. In this thesis, the reverse auction was stud ied 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-Mi nute Auction not only helped the buyers get their desired rooms, but also helped the se llers sell quickly their rooms. Besides, this research combined the Hungari an algorithm and Branch-and-Bound search to match the buyer’s demand and the seller’s supply and optimize the auc tion owner’s profit. These algorithms yielded the approximately op timal solution which satisfied the conditions of research’s problem.
dc.relation.ispartof Thesis no. CS-04-06 en_US
dc.relation.ispartof Asian Institute of Technology. Thesis no. CS-04-06 en_US
dc.subject Internet auctions en_US
dc.subject Electronic commerce en_US
dc.subject Auctions en_US
dc.title A last-minute auction in travel industry en_US
dc.type Thesis en_US

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