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parametric auction

There are various types of auctions

in the virtual bidding room. These differ in terms of bidding behavior and the combination of individual items into an overall package, the timing and the ranking of the bids. One of these auction types is the Parametric Auction. This is a multidimensional auction in which the services up for auction are specified by the suppliers, for example, delivery quantities and delivery times, payment terms, and warranties. Since parametric auctions are conducted with individual specifications, automatic valuation is not possible.

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Englisch: parametric auction
Updated at: 29.05.2013
#Words: 50
Translations: DE