A final price prediction model for online english auctions - A neuro fuzzy approach

Chin Shien Lin*, Shih Yu Chou, Chi Hong Chen, Tai Ru Ho, Yu Chen Hsieh

*此作品的通信作者

研究成果: 書貢獻/報告類型會議論文篇章

7 引文 斯高帕斯(Scopus)

摘要

Markov Chain Model provides a concise mathematical model to describe the online English auction process, converting the complicated interaction between the bidders and auctioneer into a tractable mathematical problem, which is a milestone for researches involved in this area. However, the assumptions about the parameters are not consistent with the actual phenomena, for example, the distribution of the private values and the arrival rates. Furthermore it is hard to obtain the values of these parameters. In this paper, a hybrid method, neuro fuzzy, is proposed to predict the final price in addition to exploring the complicated, possibly nonlinear, relationship among the auction mechanisms and final price. The empirical results show that neuro fuzzy system can predict the final price accurately much better than the others, which is of great help for the buyers to avoid overpricing and for the sellers to facilitate the auction. Besides, the knowledge base obtained from neuro fuzzy provides the elaborative relationship among the variables, which can be further tested for theory building.

原文英語
主出版物標題Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006
DOIs
出版狀態已發佈 - 2006
對外發佈
事件9th Joint Conference on Information Sciences, JCIS 2006 - Taiwan, ROC, 臺灣
持續時間: 2006 十月 82006 十月 11

出版系列

名字Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006
2006

其他

其他9th Joint Conference on Information Sciences, JCIS 2006
國家/地區臺灣
城市Taiwan, ROC
期間2006/10/082006/10/11

ASJC Scopus subject areas

  • 工程 (全部)

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