03-10-2014, 01:25 PM
Abstracts: To build an olx and auction website which provides a trading community to buy and sell production-line. This site also makes sure that sellers get a fair price and buyers get a genuine product. The problem with public auction is that the participation of the general public is very limited. This public auction is managed manually and involves lot of paper work. Prior to each auction, the day of auction, the venue and the items on auction are announced through news ,media. Those who wish to take part in the auction have to arrive at the venue on that day on time. This conventional method most of the times prevent aspiring bidders from participating in the bidding process. Another headache of the old system is to track each bidding process and to make it culminate in financial settlement. So the system has to keep records of both buyers and sellers until the end of settlement. The process is very cumbersome and time consuming. The proposed system is an on-line auction web site aimed at taking the auction to the finger tips of aspiring bidders. This site also acts as an open forum where buyers and sellers can come together and exchange their products. The salient features of this site are