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Joined: Jul 2009
28-08-2009, 02:36 AM
Title of the project and implimentation: Net Auction
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.
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 valuation 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.
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. In other words, your bid tells other buyers, "I want to buy this item at this price."
You 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. Now that you're familiar with how an auction generally works.
This application has been divided into four modules
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 maximum amount that you have specified. This amount is the maximum amount that you, the buyer, are willing to pay for an item. It is kept confidential. To activate the Automatic Bid, just enter your maximum bid amount in the "Enter Automatic Bid amount" box and click on the "Bid Now" button.
2. Seller Module:
Automatic Bid is an optional facility. If you activate 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. Please note that the Automatic Bid system will only bid for you when you have been outbid or to meet the reserve price at the end of the auction. You will receive an email notification every 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 quantity 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 available for the auction. An auction is a multiple auction or not can be known by checking the quantity box of the item. If there is number of quantities displayed is more than 1, then it is a MQA (Multiple Quantity Auction).
3. Admin Module:
Admin module will control both buyer and seller modules and also they will maintain all reports regarding todayâ„¢s expiry auctions and next dayâ„¢s expiry auctions etc.
By using this module user will get different types of reports like buyer and seller information and no. of. Transactions.
Operating System : Windows
Technology : Core java, Adv Java (JDBC, Servlets, JSP)
IDE : My Eclipse
Web Server : Tomcat
Database : Oracle
Softwareâ„¢s : J2SDK1.5, Tomcat 5.5, Oracle 9i
Hardware : Pentium based systems with a minimum of P5
RAM : 256MB (minimum
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