Performance analysis of reverse auction mechanisms based on Petri nets
As a methodology of resource location and allocation, reverse auctions are one of the most important activities in supply chains. There are four main auction mechanisms in auction theory, ascending-bid auctions, descending-bid auctions, first-price and sealed-bid auctions, and second-price and seale...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2017-09-01
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| Series: | Advances in Mechanical Engineering |
| Online Access: | https://doi.org/10.1177/1687814017724085 |