Computer Science
4 years ago

New online auction system ensures fairness and security for government procurement.

Sustainability
A Fair and Secure Reverse Auction for Government Procurement
Chia‐Chen Lin, Ya‐Fen Chang, Chin‐Chen Chang, Yao-Zhu Zheng

Paper Summary

Related papers

Decision Sciences
4 years ago

Auction Bidders Beware: Winning Curse Haunts Property Prices

Mechanism Design
3 views
Theme background image
Environmental Science
8 years ago

Multi-item Reverse Auction Boosts Efficiency and Variety in Purchasing.

Ecological Assessment
Class Membership
Mechanism Design
Business, Management and Accounting
8 years ago

Online reverse auctions revolutionize industrial sourcing strategies worldwide.

Public Procurement
1 view

The article presents a new online auction system that improves fairness and security for government procurement. The researchers replaced a previous encryption method with a more secure one and designed a reverse auction system where sellers' identities are hidden from buyers. This prevents buyers from cheating and ensures a fair bidding process.