A Framework for Online Reverse Auction Based on Market Maker Learning with a Risk-Averse Buyer

Table 8

Results of the first iteration of simulation for open auction and multiplicative scoring function.

First round					Seller’s score	Seller’s profit	Second round				Seller’s score	Seller’s profit
Seller	Attributes						Attributes
	1	2	3	4			1	2	3	4
1	6	5	1	2	7.00	2.449	5.889	0.005	0.014	9.816	7.035	2.682
2	8	2	1	6	6.35	5.117	6.164	0.062	0.028	9.173	6.492	3.568
3	8	2	6	3	8.98	2.614	4.011	0.011	0.003	9.980	9.004	1.653
4	5	2	2	2	6.56	2.829	6.364	0.007	0.001	9.865	6.570	2.957
5	8	5	2	5	10.25	5.067	8.000	5.000	2.000	5.000	10.25	5.067
6	7	2	6	3	10.64	3.708	7.000	2.000	6.000	3.000	10.64	3.708
					—						0