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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM30320
Volume:
8 |
4 |
Apr 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
The Advanced E-Auction System developed in this project using Django offers a comprehensive platform for conducting online auctions, featuring both English and Dutch auction types. Leveraging the robust capabilities of the Django framework, the system ensures scalability, security, and ease of maintenance. The English Auction, characterized by its open ascending price format, allows bidders to place increasingly higher bids until the highest bid wins. Real-time bidding updates, bid management functionalities, and automatic bid increments enhance the transparency and efficiency of this auction type. Conversely, the Dutch Auction, with its reverse bidding process, start with a high price that gradually decreases. The system facilitates this process by managing price decrement intervals, tracking bidder responses, and ensuring fairness in price adjustments. Key features like user registration and authentication, item listing, real-time auction progress updates, secure payment processing, and administrative tools for managing auctions and monitoring user activities. By incorporating both auction types within a single platform, the system provides flexibility and versatility to cater to various auction scenarios, fostering a dynamic marketplace environment for bidder and sellers.
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Publication Date
12/31/45388
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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