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

Table 7

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

First round					Seller’s score	Seller’s profit	Second round				Seller’s score	Seller’s profit	Third round				Seller’s score	Seller’s profit
Seller	Attributes						Attributes						Attributes
	1	2	3	4			1	2	3	4			1	2	3	4
1	6	5	1	2	2.850	2.449	9.934	0.946	2.084	7.162	2.875	6.024	9.976	0.081	1.259	8.464	2.876	6.497
2	8	2	1	6	2.950	5.117	9.973	1.367	4.646	5.028	2.950	6.296	9.952	0.166	4.671	6.045	3.027	6.488
3	8	2	6	3	3.300	2.614	9.985	7.155	0.145	7.389	3.688	6.186	9.991	5.814	0.100	8.331	3.689	6.368
4	5	2	2	2	2.750	2.829	9.985	2.790	0.610	6.790	2.751	6.639	9.999	6.250	0.319	4.735	2.750	6.629
5	8	5	2	5	3.500	5.067	10.000	7.212	1.597	6.480	3.786	6.684	9.944	4.759	1.519	8.193	3.803	6.663
6	7	2	6	3	3.550	3.708	9.998	7.436	6.811	1.195	3.550	5.939	9.986	7.095	8.222	0.238	3.550	6.281
					—						0.066						0.0046