Auction algorithm
id:
auction-algorithm-178-17087419
title:
Auction algorithm
text:
The term "auction algorithm" applies to several variations of a combinatorial optimization algorithm which solves assignment problems, and network optimization problems with linear and convex/nonlinear cost. An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple buyers. It is an iterative procedure, so the name "auction algorithm" is related to a sales auction, where multiple bids are compared to determine the best offer, wi
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Auction_algorithm
date created:
2008-02-11T12:14:59Z
date modified:
2024-09-04T17:11:46Z
main entity:
{"identifier":"Q4819604","url":"https://www.wikidata.org/entity/Q4819604"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/f/ff/Microcosm_of_London_Plate_006_-_Auction_Room%2C_Christie%27s_%28colour%29.jpg","width":1776,"height":1334}
fields total:
13
integrity:
15