JSIAM Letters
Online ISSN : 1883-0617
Print ISSN : 1883-0609
ISSN-L : 1883-0617
Articles
Approximation algorithms for a winner determination problem of single-item multi-unit auctions
Satoshi TakahashiMaiko Shigeno
Author information
JOURNAL FREE ACCESS

2011 Volume 3 Pages 29-32

Details
Abstract

This paper treats a winner determination problem of a Vickrey-Clarke-Groves mechanism based single-item multi-unit auction. For this problem, two simple 2-approximation algorithms are proposed. One is a linear time algorithm using a linear knapsack problem. The other is a greedy type algorithm. In addition, a fully polynomial time approximation algorithm based on a dynamic programming is described. Computational experiments verify availabilities of our algorithms by comparing computational times and approximation ratios.

Content from these authors
© 2011 The Japan Society for Industrial and Applied Mathematics
Previous article Next article
feedback
Top