At the MIT Center for Transportation & Logistics

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The Price… is Right? Optimizing Auction House Operations

Authors:
Jingyi Dai, Uwana Idiong
Luxembourg Supply Chain Management Program (LSCM)



Summary:
Descriptive analytics for an auction house utilizing hybrid on- and offline sales formats, intended for operational review. Qualitative and quantitative data— including object descriptions, min/max value estimates, and bidder behaviour— are employed to analyze auction setup and object selling patterns.


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