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Department:  Computer Science
AMOUNT:  20000
PAGES:  95 pages, abstract, chapter 1-5 , APENDIX A source code and APENDIX B output, well reserached and supervised
  information system

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With the help of the fast-growing Internet environment, the electronic marketplace has witnessed an exponential growth in worth, size, and usability. Projections indicate that this trend will intensify in the coming years. Online auctions are major component of the electronic marketplace that makes use of electronic commerce mechanisms. The products that were previously purchased in a traditional market through bid by sellers and buyers can now be obtained conveniently via online auction systems. An online auction system works by allowing users to register at the site to sell or buy products were a Purchaser logs-in and participates in an auction by placing bids for a chosen product and has the chance to bid again during the time the auction is active.  This poses several challenges to Web developers and sellers because they are intensely data driven. Due to the challenges witnessed in the existing system, such as concurrency performance, accurate recording accurate time of the bid by two persons on one product, this research work focuses on developing a new auction system using time stamp for concurrency control which will help to recorded current time of each event through the auction mechanism. The timestamp mechanism is used for a wide variety of synchronization purposes, such as assigning a sequence order for a multi-event transaction. This timestamp indicates the order in which the transaction must occur, relative to the other transactions. The proposed system adopted Unified Modelling Language(UML) and Object- Oriented Analysis and Design (OOAD) methodology, the proposed system was implemented using html/css for the user interface and PHP for the server side and my MSQL database for storage.



1.1 Background of Study

Internet auctions appeared on the scene in the mid 1990s, and quickly became one of the most successful applications of electronic commerce. EBay, the premier consumer-to-consumer (C2C) Internet auction site, is generally held up as an industry. However, it is predicted that the potential transaction volume in business-to-business (B2B) auctions will be much greater than in the C2C channel (Keenan, 2000; Rosenthal, 2002).

In the B2B marketplace, auctions were initially pressed into service as tools to dispense with excess inventory. One-time market leaders like Onsale1 helped companies, primarily consumer electronics manufacturers, sell products near the end of their lifecycle. The current wave of B2B integration represents a much deeper integration of auction technology into the day-to-day operations of many businesses. In particular, companies are using auctions in many Procurement situations in an effort to extract better prices from their suppliers. This move more formal and rigorous negotiation with suppliers folds neatly into the need to better manage the supply chain and make operations more efficient. The third wave of integration will involve the use of dynamic pricing through the entire product lifecycle, on both the sales and procurement sides. We are already starting to see evidence that products are being sold by auction earlier in their lifecycles; IBM and Sun regularly sell relatively new products via a distribution channel on eBay. Onsale was founded in 1996 and made a name for itself early on as an auction-based outlet store. Eventually, they added a C2C component in an attempt to better compete with eBay. In what now seems like the prototypical arc, Onsale merged with Egghead in 1999, and the combined company filed for bankruptcy in 2001.

Though eBay sets the standard for features and performance in C2C markets, the potential applications of auctions to B2B markets requires more varied and complex systems, and places different burdens on the auction administrators. On the one hand, B2B auctions may require more elaborate and sophisticated auction processes, such as combinatorial auctions (Rothkopf,1998). On the other hand, B2B markets tend to have well known and authenticated bidders and lower overall communication loads.

Auction systems have three distinct sets of users: the bidders, the auction initiator, and the auction system administrator. Each class of users requires different core and complementary features of an auction system. On most consumer-to-consumer sites, the seller is the auction initiator, and places his one and only bid, to establish the reserve price, during the creation of the auction, if at all. The auction system administrator is the person (or group of people) who installs, configures, and maintains the auction site.

The successful deployment and operation of an online auction system requires knowledge of mechanism design, system architecture, and successful Internet business practices. Online auctions pose several challenges to Web developers because they are intensely data driven and have temporal behaviours that must be faithfully implemented (Houser and Wooders, 2005). This research work discusses issues that an auction provider should consider when selecting or developing an auction software system. Auctions can be seen as a mechanism that is precisely defined by sets of rules that govern bidding, quoting, and clearing. It is difficult to pinpoint the earliest auction held on the Internet, but it is clear that auctions were conducted via e-mails and news groups as early as 1988.2 As the Web developed in the early 1990s, it was only a matter of time before people began using this new technology to enhance their online auctions. At first, sellers simply provided a static source of multimedia information (i.e., text and images) about the products being auctioned and continued to collect bids via e-mail. Later, sellers used Web forms to actually collect and process bids. EBay, founded in 1995, was among the earliest known auction services available on the Internet. (Tobias et al, 2009). However, within a year eBay had many competitors, including uBid, Onsale, Z-auctions,3 and more. In the B2B arena, was an early market maker, having bulletin board based systems as early as 1991, and launching a Web-based system around 1996.4 Internet auction platforms were also being developed in research laboratories in 1996, including the Michigan Internet AuctionBot (Wurman, Wellman, and Walsh, 1998), the FishMarket system (Rodriguez, Noriega, Sierra, and Padget, 1997), and GEM (Reich and Ben-Shaul, 1998).

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