30-09-2014, 01:33 PM
Abstracts: The online auction management is designed so that buyer and seller can easily buy and sell for products. This site is intended to making auction on any product easy. Here admin can also earn profit on selling of any item. In this system you can have track of all the items which are in selling list. You can also see the product lists which are currently on bidding. Here you can manage the user information, you can see the login and logout time of the user. You can also see currently how many users are there in your system. To keep track of all the bids done by the buyer for each product on the website, application need to manage all the details regarding bids. Buyers can bid for a product on the website. Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to sellers using auctions have diminished. We develop a model to distinguish two hypotheses: a shift in buyer demand away from auctions, and general narrowing of seller margins that favors posted prices. Our estimates suggest that the former is more important. The website will allow users to buy and sell products using the traditional scheme of auction. The seller will be able to create their own auction, specifying their product details such as auction start price, reserve price and minimum bid increments. Prospective buyers will be able to bid on a product until a bidder is declare the winner at the end of the auction. Buyers will be able to leave the seller feedback regarding their experience. Additional and more advanced functionality could be added to the website once the primary aims of the project are suitable met.