Auction algorithm

See bidding algorithm.
Found on http://glossary.computing.society.informs.org/index.php?page=A.html

Auction algorithm

The term `auction algorithm` applies to several variations of a combinatorial optimization algorithm which solves assignment problems, and network optimization problems with linear and convex/nonlinear cost. An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple buyers. It i.....
Found on http://en.wikipedia.org/wiki/Auction_algorithm
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