39076736
Designing Intelligent Software Agents for Auctions with Limited Information Feedback
This paper presents analytical, computational, and empirical analyses of strategies for intelligent bid formulations in online auctions. We present results related to a weighted-average ascending price auction mechanism that is designed to provide opaque feedback information to bidders and presents a challenge in formulating appropriate bids. Using limited information provided by the mechanism, we design strategies for software agents to make bids intelligently. In particular, we derive analytical results for the important characteristics of the auction, which allow estimation of the key parameters; we then use these theoretical results to design several bidding strategies. We demonstrate the validity of designed strategies using a discrete event simulation model that resembles the mechanisms used in treasury bills auctions, business-to-consumer (B2C) auctions, and auctions for environmental emission allowances. In addition, using the data generated by the simulation model, we show that intelligent strategies can provide a high probability of winning an auction without significant loss in surplus.
166893960
Priority pricing of integrated services networks
17233820
IT-enabled transparent electronic markets: the case of the air travel industry
The electronic market hypothesis predicts that by reducing coordination costs, information technology (IT) will shift industrial organization from hierarchical to market-based forms of economic activity. While academic researchers and practitioners have witnessed these shifts with the advent of the Internet, there is little understanding about the process and the underlying forces that drive them. In this paper, we provide an in-depth analysis of the air travel industry, which has recently experienced significant IT-driven transformations. We conclude that, together with IT, pro-competitive laws and the information-intensive nature of air travel products have triggered competition for consumers with transparent market mechanisms, which is leading to the emergence of more transparent electronic markets in the air travel industry.
30721210
Economic analysis of consumer purchase intentions in electronic and traditional retail channels: competitive and strategic implications
We develop a multiattribute economic model to analyze consumer behavior for traditional and electronic channels based on consumers' risk profiles and risk-neutral or risk-averse. We then conduct comparative analyses of consumer purchase decisions to derive strategies for different channels. We study the attitudinal and economic factors that lead to specific purchase decisions under different combinations of price, delivery time, and product customization. We develop theoretical propositions concerning consumer channel switching behavior, incentives to consumers, and pricing strategies for different channels. We also use simulations to gain insights for cases where analytical model becomes intractable.
7914809
Predicting Bidders' Willingness to Pay in Online Multiunit Ascending Auctions: Analytical and Empirical Insights
We develop a real-time estimation approach to predict bidders' maximum willingness to pay in a multiunit ascending uniform-price and discriminatory-price (Yankee) online auction. Our two-stage approach begins with a bidder classification step, which is followed by an analytical prediction model. The classification model identifies bidders as either adopting a myopic best-response (MBR) bidding strategy or a non-MBR strategy. We then use a generalized bid-inversion function to estimate the willingness to pay for MBR bidders. We empirically validate our two-stage approach using data from two popular online auction sites. Our joint classification-and-prediction approach outperforms two other naive prediction strategies that draw random valuations between a bidder's current bid and the known market upper bound. Our prediction results indicate that, on average, our estimates are within 2% of bidders' revealed willingness to pay for Yankee and uniform-price multiunit auctions. We discuss how our results can facilitate mechanism-design changes such as dynamic-bid increments and dynamic buy-it-now prices.
57631
Insights and analyses of online auctions
10962942
Towards bringing database management task in the realm of IT non-experts
Internet enabled services have led to an increase in the size and complexity of the database making the database administration task very complex. This necessitates the hiring of skilled personnel for the management of data, which is a bane for industries, especially in developing countries. We at IBM India research Lab, have been developing technologies (i.e. database administration tools), wherein the database administrator, who may be inexperienced person, can define error-free policies for managing and maintaining the distributed information repositories, and can define data access privileges to users at fine as well as at coarse-grained level using natural language like constructs. These policies represent the actions that need to be carried out when specific database/temporal events occur within the system or externally and are notified to the system. In this paper, we discuss the architecture of our policy based database administration and access control system and outline some of the technical challenges in this area.
5989555
Enhanced Business Intelligence using EROCS
The EROCS technology automatically links unstructured data with relevant structured data from an external relational database. We demonstrate how EROCS can be used for enhancing business intelligence by allowing OLAP tools to analyze structured and unstructured data in a consolidated manner. Our demonstration showcases the use of EROCS in exploiting latent information in customer emails, which helps in building a complete view of the customer. This results in new insights about the business which are not possible with the existing state of the art.
116973756
Surface and volumetric segmentation of complex 3-D objects using parametric shape models
The problem of part definition, description, and decomposition is central to the shape recognition systems. In this dissertation, we develop an integrated framework for segmenting dense range data of complex 3-D scenes into their constituent parts in terms of surface and volumetric primitives. Unlike previous approaches, we use geometric properties derived from surface, as well as volumetric models, to recover structured descriptions of complex objects without a priori domain knowledge or stored models. 
To recover shape descriptions, we use bi-quadric models for surface representation and superquadric models for object-centered volumetric representation. The surface segmentation uses a novel approach of searching for the best piecewise description of the image in terms of bi-quadric (z = f(x, y)) models. It is used to generate the region adjacency graphs, to localize surface discontinuities, and to derive global shape properties of the surfaces. A superquadric model is recovered for the entire data set and residuals are computed to evaluate the fit. The goodness-of-fit value based on the inside-outside function, and the mean-squared distance of data from the model provide quantitative evaluation of the model. The qualitative evaluation criteria check the local consistency of the model in the form of residual maps of overestimated and underestimated data regions. 
The control structure invokes the models in a systematic manner, evaluates the intermediate descriptions, and integrates them to achieve final segmentation. Superquadric and bi-quadric models are recovered in parallel to incorporate the best of the coarse-to-fine and fine-to-coarse segmentation strategies. The model evaluation criteria determine the dimensionality of the scene, and decide whether to terminate the procedure, or selectively refine the segmentation by following a global-to-local part segmentation approach. The control module generates hypotheses about superquadric models at clusters of underestimated data and performs controlled extrapolation of the part-model by shrinking the global model. As the global model shrinks and the local models grow, they are evaluated and tested for termination or further segmentation. 
We present results on real range images of scenes of varying complexity, including objects with occluding parts, and scenes where surface segmentation is not sufficient to guide the volumetric segmentation. We analyze the issue of segmentation of complex scenes thoroughly by studying the effect of missing data on volumetric model recovery, generating object-centered descriptions, and presenting a complete set of criteria for the evaluation of the superquadric models. We conclude by discussing the applications of our approach in data reduction, 3-D object recognition, geometric modeling, automatic model generation, object manipulation, and active vision.
14870566
An information fusion framework for robust shape tracking
Existing methods for incorporating subspace model constraints in shape tracking use only partial information from the measurements and model distribution. We propose a unified framework for robust shape tracking, optimally fusing heteroscedastic uncertainties or noise from measurement, system dynamics, and a subspace model. The resulting nonorthogonal subspace projection and fusion are natural extensions of the traditional model constraint using orthogonal projection. We present two motion measurement algorithms and introduce alternative solutions for measurement uncertainty estimation. We build shape models offline from training data and exploit information from the ground truth initialization online through a strong model adaptation. Our framework is applied for tracking in echocardiograms where the motion estimation errors are heteroscedastic in nature, each heart has a distinct shape, and the relative motions of epicardial and endocardial borders reveal crucial diagnostic features. The proposed method significantly outperforms the existing shape-space-constrained tracking algorithm. Due to the complete treatment of heteroscedastic uncertainties, the strong model adaptation, and the coupled tracking of double-contours, robust performance is observed even on the most challenging cases.
17746198
Large—scale parallel numerical integration
We present and analyze strategies which can be used for the parallel computation of large numbers of integrals which may be of different levels of difficulty. Parallelization on the integral level, which is generally used for large numbers of integrals, is combined with parallelization on the subregion level, which enables handling local integration difficulties within individual problems. This results in a new, hierarchical algorithm which incorporates load balancing on the integral level and on the subregion level. We report test results of the software and show that the hierarchical approach leads to a scalable integration algorithm.