Auctionologies© Auctionologies LLC 2026
BIDDER AMMlb
Waiting
BIDDER BMMlb
Waiting
BIDDER CMMlb
Waiting
BIDDER DMMlb
Waiting
AUCTIONEER
Price A100 cpp
Price B100 cpp
Optimization
PackagesOptimizePWB
Waiting for packages
Selected A— MMlb
Selected B— MMlb
Next round · —
PriceRoundProduct AProduct B
Provisional
Winning Bids
Waiting for packages
BidderMMlbBid
Bidder A——
Bidder B——
Bidder C——
Bidder D——
ROUND1
Illustrative package auction with four bidders and two products. Each product has 50 MMlb available. Product A is warm red; Product B is green. Each outlined bid is one whole package; OR separates alternatives. Optimization selects at most one package per bidder. Current and earlier bids can win. Prices rise or hold independently. The Bid column records the round in which a selected bid was submitted. Provisional Winning Bids are not final awards. cpp means cents per pound; MMlb means millions of pounds.