A Game Theoretical Approach for Solving Winner Determination Problems
Keyword(s):
Determining the winners in combinatorial auctions to maximize the auctioneer's revenue is an NP-complete problem. Computing an optimal solution requires huge computation time in some instances. In this paper, we apply three concepts of the game theory to design an approximation algorithm: the stability of the Nash equilibrium, the self-learning of the evolutionary game, and the mistake making of the trembling hand assumption. According to our simulation results, the proposed algorithm produces near-optimal solutions in terms of the auctioneer's revenue. Moreover, reasonable computation time is another advantage of applying the proposed algorithm to the real-world services.
Keyword(s):
2018 ◽
Vol 6
(8)
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pp. 282
2013 ◽
Vol 325-326
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pp. 1282-1289
Estimating the stability radius of an optimal solution to the simple assembly line balancing problem
2018 ◽
Vol 26
(2)
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pp. 79-97
2022 ◽
Vol 24
(3)
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pp. 0-0
2001 ◽
Vol 34
(44)
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pp. 9555-9567
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