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.

Table 19. First Bid in the Multiple-Quantity English Auction with TSO2
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Mary
10
1
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Mary
1 (10)
1
1

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.

Table 20. Second Bid in the Multiple-Quantity English Auction with TSO2
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Don
20
2
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Don
11 (20)
2
2
Mary
10 (10)
1
0

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.

Table 21. Third Bid in the Multiple-Quantity English Auction with TSO2
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)
Quantity Bid
Quantity Won
Mary
20 (20)
1
1
Don
20 (20)
2
1

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.

Table 22. Fourth Bid in the Multiple-Quantity English Auction with TSO2
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Sarah
25
2
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Sarah
21 (25)
2
2
Mary
20 (20)
1
0
Don
20 (20)
2
0

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.

Table 23. Fifth Bid in the Multiple-Quantity English Auction with TSO2
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Don
30
0
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Don
26 (30)
1
1
Sarah
25 (25)
2
1
Mary
20 (20)
1
0

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.

Table 24. Sixth Bid in the Multiple-Quantity English Auction with TSO2
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Sarah
30
2
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Don
30 (30)
1
1
Sarah
30 (30)
2
1
Mary
20 (20)
1
0

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.


 Siebel eAuction Guide 
 Published: 18 April 2003