Abstract
Title of the project:
Introduction: Here we'll talk about the three different types of auctions you can come across. But before we go into that, here is a brief introduction to auctions.
Auction: Net Auction
An auction is a sale in which a seller presents his product on a public platform/ forum. The selling price in an auction is determined by the bids made by interested buyers. The price they bid is based on their own aluation of, and need for, the product. The product is sold to the highest bidder. A potential buyer participates by bidding on an item that a seller has listed. The person who has offered the highest bid at close of auction wins the right to purchase the item at that price.
Bid:
A bid is the amount of money proffered for an item that has been put on sale in an auction. The bidder competes with other potential buyers, keeping in mind that the buyer with the highest bid is obliged to complete the purchase with the seller. !n other words, your bid tells other buyers, "! want to buy this item at this price."
Win:
#ou win an auction by placing the winning $read highest% bid and obtaining the item on auction. The person with the highest bid is the winner of the auction. &ow that you're familiar with how an auction generally works. This application has been di ided into four modules
1. Buyer Module 2. seller Module 3. Admin Module 4. Reports Module
1. Buyer Module: Bidding can be carried out automatically by enabling the automatic bidding feature. Automatic Bid features bids on a particular item for you up to the ma'imum amount that you ha e specified. This amount is the ma'imum amount that you, the buyer, are willing to pay for an item. !t is kept confidential. To acti ate the Automatic Bid, just enter your ma'imum bid amount in the "(nter Automatic Bid amount" bo' and click on the "Bid &ow" button. 2. Seller Module: Automatic Bid is an optional facility. !f you acti ate Automatic Bid, you need not be online to bid for and win an item you desire. The system will bid for you if necessary by the specified bid increment amount to the limit of your Automatic Bid. )lease note that the Automatic Bid system will only bid for you when you ha e been outbid or to meet the reser e price at the end of the auction. #ou will recei e an email notification e ery time the Automatic Bid bids for you. To bid on a multiple items is considered to be a special auction where a seller has more than one *uantity of the item he or she wants to sell/bid. The seller selects the starting bid amount and indicates how many of these items are a ailable for the auction. An auction is a multiple auction or not can be known by checking the *uantity bo' of the item. !f there is number of *uantities displayed is more than +, then it is a ,-A $,ultiple -uantity Auction%. 3. Admin Module: Admin module will control both buyer and seller modules and also they will maintain all reports regarding today.s e'piry auctions and ne't day.s e'piry auctions etc. Reports Module: By using this module user will get different types of reports like buyer and seller information and no. of. Transactions.
Softw re re!uirements:
/perating 0ystem Technology 2eb Technologies !5( 2eb 0er er 5atabase 0oftware.s
" rdw re re!uirements:
1 2indows 1 3ore ja a, Ad 4a a $45B3, 0er lets, 40)% 1 Html, 4a a0cript, 300 1 ,y (clipse 1 Tomcat 1 /racle 1 46057+.8, Tomcat 8.8, /racle 9i
Hardware :A,
1 )entium based systems with a minimum of )8 1 68;,B $minimum%.
