Virtual Laboratory for Simulation and Gaming

Simulation of Auction Markets

Home
Theory
Problem Description Simulation flowchart
Procedure
Power Point Tutorial
Simulator
Reference
Assignment
Self Evaluation
Feedback

Auction Market - Seller

Input Parameter

Auction Duration (in Sec)

Base Value (min 1000)

Minimum Increment (min 20)

No of Artificial Agents (min 5)

No of runs needed (min 1)

Auction Status

sec remaining

Suppose my valuation is: Rs

Bid	Bidder	Time Remaining

Result

Winner

Winning Bid

Developed by The Department of Industrial Systems and Engineering, IIT Kharagpur
This Project is funded by MHRD, Government of India.