An improved ant colony algorithm for winner determination in multi-attribute combinatorial reverse auction

@article{Qian2014AnIA,
  title={An improved ant colony algorithm for winner determination in multi-attribute combinatorial reverse auction},
  author={Xiaohu Qian and Min Huang and Taiguang Gao and Xingwei Wang},
  journal={2014 IEEE Congress on Evolutionary Computation (CEC)},
  year={2014},
  pages={1917-1921}
}
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… CONTINUE READING

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