Tuesday, July 16, 2013

Current Offering Monitor (Arda Unal)

    This is our Current Offerings Monitoring prototype. Only our staff has access to all of these offers and prices. In other words, this is not how companies see the offering system. Companies have access to only their own offers and not others';  they will not be able to see other attenders' offers and the best price, unless offers do not get stuck. They will, however, know their rank.
    Lets analyze this chart for better understanding.
-We can see companies' initial offers( Time = 1). Then companies  are able to see their ranks. Company 1 has the best offer and Company 5 has the worst one.
- Company 5 is happy with its offer and being ranked last, since it does not offer better price.
- Company 4, 3 and 2 are aware of their ranks and decrease their prices to be ranked first.
- Company 1 is happy with its offer and prefers hold, since it is ranked first until Company 2 has better offer ( Time = 6)
- Company 4 does not offer better price after Time = 5
- Competition gets hot after Time = 6
- Finally, Company 1 gets the first place, Company 2 and Company 3 gets second and third place respectively.


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