Design of online auction system with alternative currencies
Table Of Contents
Project Abstract
Project Overview
The University of Maryland has one of the most popular Basketball programs in the region. About 35,000 students seek 4,000 free student tickets allocated for every home game.
An auction-based system provides a procedure to achieve and equitable and fair distribution of a high-demand resource. In an auction-based system, goods being sold end up with the person who values them the most.
This is a very desirable scenario for a ticket distribution system that aims at maximizing attendance for home games. People who bid high have high values for the tickets and are more likely to attend a game than someone who receives a ticket through a random draw. The project lays out the framework for an auction based system to distribute home game tickets.
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