Local Search Methods for the Optimal Winner Determination Problem in Combinatorial Auctions

In this paper, both stochastic local search (SLS) and tabu search (TS) are studied for the optimal winner determination problem (WDP) in combinatorial auctions. The proposed methods are evaluated on various benchmark problems, and compared with the hybrid simulated annealing (SAGII), the memetic algorithms (MA) and Casanova. The computational experiments show that the SLS provides competitive results and finds solutions of a higher quality than TS and Casanova methods.