Reverse auctions have been widely adopted for purchasing goods and services. This paper considers a novel winner determination problem in a multiple-object reverse auction in which the buyer involves loss-averse behav...
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Reverse auctions have been widely adopted for purchasing goods and services. This paper considers a novel winner determination problem in a multiple-object reverse auction in which the buyer involves loss-averse behavior due to uncertain attributes. A corresponding winner determination model based on cumulative prospect theory is proposed. Due to the NP-hard characteristic, a loaded route strategy is proposed to ensure the feasibility of the model. Then, an improved ant colony algorithm that consists of a dynamic transition strategy and a Max-Min pheromone strategy is designed. Numerical experiments are conducted to illustrate the effectiveness of the proposed model and algorithm. We find that under the loaded route strategy, the improved ant colony algorithm performs better than the basic ant colony algorithm. In addition, the proposed model can effectively characterize the buyer's loss-averse behavior.
Maturity in software projects is often equated with data-driven predictability. However, data collection is expensive and measuring all variables that may correlate with project outcome is neither practical nor feasib...
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Maturity in software projects is often equated with data-driven predictability. However, data collection is expensive and measuring all variables that may correlate with project outcome is neither practical nor feasible. In contrast, a project engineer can identify a handful of factors that he or she believes influence the success of a project. The challenge is to quantify engineers' insights in a way that is useful for data analysis. In this exploratory study, we investigate the repertory grid technique for this purpose. The repertory grid technique is an interview-based procedure for eliciting "constructs" (e.g., Adhering to coding standards) that individuals believe influence a worldly phenomenon (e.g., What makes a high-quality software project) by comparing example elements from their past (e.g., Projects they have worked on). We investigate the relationship between objective metrics of project performance and repertory grid constructs elicited from eight software engineers. Our results show correlations between the engineers' subjective constructs and the objective project outcome measures. This suggests that repertory grids may be of benefit in developing models of project outcomes, particularly when project data is limited.
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