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Bidding Scenario Without the Sealed-Bid Attribute

This example uses the same auction as the example, Bidding Scenario Using the Sealed-Bid Attribute. In this example, SEALED_FLG is set to N, indicating the auction is not a Sealed-bid auction. This example, shown in Table 10, is a single-quantity auction.

Table 10. First Bid in the Non-Sealed English Auction
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Mary
20
1
TRUE
Results after Bid
For User
Current Bid Amount
Max Bid Amount
Quantity Won
Mary
1
20
1

Bid Summary: Mary enters a $20 AutoBid (Maximum Bid Amount) and a Quantity of 1.

Table 11 lists the results from the second bid in the auction.

Table 11. Second Bid in the Non-Sealed English Auction
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Don
10
1
TRUE
Results after Bid
For User
Current Bid Amount
Max Bid Amount
Quantity Won
Mary
11
20
1
Don
10
10
0

Bid Summary: Don receives a "bid too low" message after entering his Max Bid Amount. His Max Bid Amount drives up Mary's bid automatically to $11 as a result of her Max Bid Amount of $20. Note that in the Sealed-bid example, Don did not receive an error message.

Table 12 lists the results from the second bid in the auction.

Table 12. Second Bid in the Non-Sealed English Auction
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Don
30
1
TRUE
Results after Bid
For User
Current Bid Amount
Max Bid Amount
Quantity Won
Mary
20
20
0
Don
21
30
0

Bid Summary: Don changed his Max Bid Amount to $30. Because Mary's Max Bid could only rise to $20, Don's bid is able to beat her bid by one. Don wins the auction.


 Siebel eAuction Guide 
 Published: 18 April 2003