Bookshelf Home | Contents | Index | Search | PDF |
Siebel eAuction Guide > Auction Properties > Bidding Examples — Bid Timestamp Option >
Bidding Scenario for Bid Timestamp Option 2
This example uses the same auction as the Option 1 example. Here, the auction is auctioned using
eAuc:BidTimeTieBreakOption
2
(TSO2).The bidding for this auction is shown in the following tables ordered by first bid, second bid, third bid, and so on. The first part of Table 19 shows the user's bid; the second part of the table shows the result of that bid.
Bid Summary: Mary is the first bidder in the auction. She enters a Max Bid Amount (AutoBid) for $10 and selects only one item. Mary is currently winning one of the two items.
Table 20 lists the results from the second bid in the auction.
Bid Summary: Mary is outbid by Don's $20 Max Bid for both items. Her bid is raised to $10, and Don's bid is set to $11, according to the Max Bid rules.
Table 21 lists the results from the third bid in the auction.
Bid Summary: Mary changes her Max Bid Amount to $20 for one item. Because TSO2 is used, Mary's bid retains the timestamp of her prior bid and she is able to win her requested quantity by matching Don's $20 Max Bid. Don's bid is automatically raised to $20, and he is winning one item.
Table 22 lists the results from the fourth bid in the auction.
Bid Summary: Sarah, a new bidder, enters a Max Bid of $25 for both items in the auction. She is now winning both items at a bid price of $21.
Table 23 lists the results from the fifth bid in the auction.
Bid Summary: Don enters a new Max Bid of $30 for one item and wins that item for $26. Sarah is still winning one item at $25.
Table 24 lists the results from the sixth bid in the auction.
Bid Summary: Sarah enters a $30 Max Bid for both items in the auction. Sarah wins only one item, however, because Don's bid carries an earlier timestamp. To win both items in the auction, Sarah needed to enter a Max Bid of more than $30.
Auction Results Summary: At the end of the auction, Don and Sarah each win one item for $30.
Bookshelf Home | Contents | Index | Search | PDF |
Siebel eAuction Guide Published: 18 April 2003 |