The main objective of the Auction of Assets project is to automate the bidding process which is done manually. This will remove all the inconsistencies involved in the auction process. Moreover the bidders will be intimated beforehand about the bidding process and products which are to be auctioned. This will save a lot of energy and time and whole system will become transparent and easy to operate.   The main objective of the Auction of Assets project is to automate the bidding process which is done manually. This will remove all the inconsistencies involved in the auction process. Moreover the bidders will be intimated beforehand about the bidding process and products which are to be auctioned. This will save a lot of energy and time and whole system will become transparent and easy to operate.  

Auction of Assets Project

 

Existing Auction of Assets System

The existing Auction of Assets system is manual driven. A dedicated man power is required for collecting the bids from individual bidder. A lot of time and energy is wasted over looking at each bid and finding out the winner. It becomes lethargic and tedious job. Moreover, the system doesn’t guarantee 100% transparency and authenticity. This seriously questions the credibility of the system. Adding to it, bidder get to know about auction through newspapers only and sometimes bidders aren’t informed in time. So to rule out all the redundancies and inconsistencies caused due to manual bidding system there is an urgent need to automate the system.

Proposed Auction of Assets system

The proposed Auction of Assets system will completely automate the auctioning and bidding process. Any number of products can be auctioned under one roof as the software provides different categories for the products. The user can bid under any particular category of product as requested by the admin. Secondly, the user will be intimated online about the bidding process beforehand and permission will be granted to place the bid. As the bids are placed online, the winner can be declared as soon as the bid closes for that particular product.                             

Auction of Assets System specifications

Modules

The software is two major modules:

1. Admin Module:  Admin is the main controlling part of the software. After providing login credentials, an admin can enter have the access of GUI. He has authority to add the category and intimate the users about bidding process. He can grant or revoke permissions to the users for any asset under the category and all the evaluation of the bidding is done by him. Admin can view all the bid and members information.

2. Member Module: Each member is given username and password through which they get access to the member area. Members will be notified here in case admin has sent a request for a bid. The user will place a bid higher than the minimum bid value set by the admin. A member can edit and update his personal information as well as password.

Hardware configuration 

  • Processor Pentium IV
  • RAM min 1 GB (2 GB recommended)
  • Hard disk min 20GB (40 GB Recommended)
  • Floppy drive 1.44 MBCD drive LG 52X
  • Key board Standard 102 keys
  • Mouse 3 buttons

Software configuration

  • Operating system Windows XP SP2 or Windows Vista
  • Language ASP .NET with C# .NET
  • Back end MS-SQL Server 2005
  • Browser IE
  • IDE MS Visual Studio .Net 2008

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