Home|Journals|Articles by Year|Audio Abstracts

Research Article

EEO. 2021; 20(1): 7778-7784

Online Auction Management System For Buyers And Sellers To Reduce Negotiation Period

Rupa Khanna Malhotra, Vikas Tripathi, Vrince Vimal.


An auction is a system that helps in buying and selling of goods at online platform through bidding. The person with higher bid tends to buy at the final satge of the bidding. The buyers and sellers compete with each other at every bidding to obtain the goods at a reasonable price. This process involves fixing an amount for the product and proceeded that the buyers sets an amount by bidding. The bidding process stops when the last bidder tends to accept the fixed amount at the higher price than the other bidders. This allows to have the a reasonable price for both the buyers and sellers to obtain the maximum desired cost for the goods. The biding system is nothing but the set of agreements and understanding of the partnerships. There sre two types of auction namely english auction and dutch auction. Thus the proposed system enhances a online platform for buyers and sellers to have higher productivity cost and to eliminate the negotiation period.

Key words: Bidding, buyers and sellers, higher price, time saving, online platform.

Full-text options

Share this Article

Online Article Submission
• ejmanager.com

ejPort - eJManager.com
Refer & Earn
About BiblioMed
License Information
Terms & Conditions
Privacy Policy
Contact Us

The articles in Bibliomed are open access articles licensed under Creative Commons Attribution 4.0 International License (CC BY), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.