Homework for Chapter 6

ASSIGNMENT: Write up a plan for conducting an online auction for parking spaces at Midland University

Parking spaces will be auctioned off by sealed bid.  The minimum bid for an annual parking space is $XXX.XX.  Buyers must submit their bid in a written statement either to the Campus Security Office (pre-printed forms are available for those without access to e-mail) or online using their intranet e-mail account to parking.auction@MidlandUniversity.edu.  Bids must also include the buyer's name, address, student or employee ID number, and the make, model, and license plate numbers of all cars belonging to the individual's household.  Parking passes are non-transferable and may only be used with the vehicles registered at the time of the bid (to prevent reselling or loaning of parking passes).  The deadline for bidding is September 1, 20XX. 

Parking spaces will be given a value rating based on location, proximity to important campus features, etc.; the first highest bidder will then receive the highest rated parking space, the second highest bidder will receive the second rated space, and so on, until no spaces remain. 

Five percent of the parking spaces will be reserved for visitor parking, and another 5% for drivers with disabilities.  Only drivers with disabilities will be eligible to bid on handicapped parking (proof of disability must be submitted with bid), until each participant with a disability has received a parking spot; at which point the remaining spaces will be folded back in to the general pool.  Only one bid allowed per person.