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Combinatorial auction

Index Combinatorial auction

A combinatorial auction is a type of smart market in which participants can place bids on combinations of discrete items, or “packages”, rather than individual items or continuous quantities. [1]

15 relations: Auction, Cambridge University Press, Combinatorial game theory, Estate sale, First-price sealed-bid auction, Incentive compatibility, Lagrangian relaxation, Landing slot, Mathematical optimization, MIT Press, NP-hardness, Set packing, Smart market, Spectrum auction, Time complexity.

Auction

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder.

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Cambridge University Press

Cambridge University Press (CUP) is the publishing business of the University of Cambridge.

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Combinatorial game theory

Combinatorial game theory (CGT) is a branch of mathematics and theoretical computer science that typically studies sequential games with perfect information.

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Estate sale

An estate sale or estate liquidation is a sale or auction to dispose of a substantial portion of the materials owned by a person who is recently deceased or who must dispose of their personal property to facilitate a move.

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First-price sealed-bid auction

A first-price sealed-bid auction (FPSBA) is a common type of auction.

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Incentive compatibility

A mechanism is called incentive-compatible (IC) if every participant can achieve the best outcome to him/herself just by acting according to his/her true preferences.

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Lagrangian relaxation

In the field of mathematical optimization, Lagrangian relaxation is a relaxation method which approximates a difficult problem of constrained optimization by a simpler problem.

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Landing slot

A landing slot, takeoff slot, or airport slot is a right granted by an airport owner which allows the slot holder to schedule a landing or departure during a specific time period.

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Mathematical optimization

In mathematics, computer science and operations research, mathematical optimization or mathematical programming, alternatively spelled optimisation, is the selection of a best element (with regard to some criterion) from some set of available alternatives.

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MIT Press

The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States).

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NP-hardness

NP-hardness (''n''on-deterministic ''p''olynomial-time hardness), in computational complexity theory, is the defining property of a class of problems that are, informally, "at least as hard as the hardest problems in NP".

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Set packing

Set packing is a classical NP-complete problem in computational complexity theory and combinatorics, and was one of Karp's 21 NP-complete problems.

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Smart market

A smart market is a periodic auction which is cleared by the operations research technique of mathematical optimization, such as linear programming.

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Spectrum auction

A spectrum auction is a process whereby a government uses an auction system to sell the rights (licences) to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources.

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Time complexity

In computer science, the time complexity is the computational complexity that describes the amount of time it takes to run an algorithm.

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References

[1] https://en.wikipedia.org/wiki/Combinatorial_auction

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