ABSTRACT
Auctions are among the latest
economic institutions in place. They have been used since antiquity to sell a
wide variety of goods, and their basic form has remained unchanged. In this
dissertation, we explore the efficiency of common auctions when values are
interdependent- the value to a particular bidder may depend on information
available only to others-and asymmetric. In this setting, it is well known that
sealed-bid auctions do not achieve efficient allocations in general since they
do not allow the information held by different bidders to be shared.
Typically, in an
auction, say of the kind used to sell art, the auctioneer sets a relatively low
initial price. This price is then increased until only one bidder is willing to
buy the object, and the exact manner in which this is done varies. In my model
a bidder who drops out at some price can “reenter” at a higher price.
With the invention of E-commerce
technologies over the Internet the opportunity to bid from the comfort of ones
own home has seen a change like never seen before. Within the span of a few short years, what
may have began as an experimental idea has grown to an immensely popular hobby,
and in some cases, a means of livelihood, the Auction Patrol gathers tremendous
response every day, all day. With the
point and click of the mouse, one may bid on an item they may need or just
want, and in moments they find that either they are the top bidder or someone
else wants it more, and you’re outbid!
The excitement of an auction all from the comfort of home is a
completely different experience.
Society cannot seem to escape the
criminal element in the physical world, and so it is the same with Auction
Patrols. This is one area wherein a
question can be raised as to how safe Auction Patrols.
Existing
System
Present system is manual.
The Project Metrics has to enter all the details of project, documents, and
tasks. It also maintenance the team information and also efforts estimation.
For this purpose the organization maintain the size of the document, source
code and update the information about team member’s details manually. Which is much of time consuming
process and more importantly it is error prone. Limitations Of the Manual
system
- It
is time consuming
- It
leads to error prone results
- It
consumes lot of manpower to better results
- It
lacks of data security
- Retrieval
of data takes lot of time
- Percentage
of accuracy is less
- Reports
take time to produce
Hence Computerization
of the existing system is proposed. The new system completely removes all
manual burdens and provide efficient on the entry system.
Proposed system
Objectives
Of the Proposed System
- To
generate the quick reports
- To
make accuracy and efficient calculations
- To
provide proper information briefly
- To
provide data security
- To
provide huge maintenance of records
- Flexibility
of transactions can be completed in time
After understanding the
existing system and understanding the need for developing a new system
different people involved in the related activities have been consulted. The
data needed for the study has been collected from company records.
The computerization of
this system would avoid the wrong interpretation and bad calculation of data
.The system help the user to see any documents, source code, tasks, activities,
team information with details at the click of a button. The record data is
maintained and backed up such a way that data is not loss. The speed of the
system could also increased.
The general description gives an
"executive overview" and is very client-oriented. It expounds on the
functional and data requirements of the application. It also lists the
limitations, assumptions and dependencies of the application. Section 3.0, the
specific requirements section,
includes the developers’ technical view of
the client's expectation of
the application. It
also touches on
the performance and
quality requirements of the application and provides a solid definition
of the interface
The entire system is divided into 2 major modules
1. Admin
2. Buyer
1. Admin:
Administrator matins Products details and category details and also matins
Buyer details and Buyer reports and Sub category details and Buyer
registrations and Reports.
2.
Buyer: In this module Buyer New Registration’s and product
details and Buyer reports and Buyer bid details
System
Requirement Specification:
Hardware
Requirements:
• I2
Processor and Above
• RAM
1GB and Above
• HDD
20 GB Hard Disk Space and Above
Software
Requirements:
• WINDOWS
OS (XP service pack 2 /windows 2007 Server)
• Visual
Studio .Net 2008(according requirement)
• Visual
Studio .Net Framework (Minimal for Deployment)
• SQL
Server 2008(according requirement) Enterprise Edition
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