The phrase "auction procedure" is correct and usable in written English.
It can be used when referring to the specific steps or methods involved in conducting an auction.
Example: "Before participating in the bidding, all attendees must familiarize themselves with the auction procedure to ensure a smooth experience."
Alternatives: "bidding process" or "auction process".
In the Adelphia bankruptcy, the judge approved a $17.6 billion sale of the company to Time Warner and Comcast, using the same kind of auction procedure drawn on by Chrysler in its sale to Fiat.
The receiving clerk summons the firm's floor broker, who takes the order, goes to the post where the stock is traded, and participates in an auction procedure as either buyer or seller.
"Mr Berezovsky persuaded the Russian Government to sell the right to manage Sibneft on the state's behalf under an auction procedure which was easy to rig and was, in fact, mainly rigged by Mr Berezovsky himself," said Mr Sumption.
Figure 4 shows how the bid value of each bidder changes in the auction procedure of the ACA-A algorithm.
Here, we assume that if all the bidders are honest and report their true bid values in the auction procedure, the auction concludes after T1 iterations.
Therefore, no bidder has the incentive to cheat in the auction procedure because any cheating will lead to the loss of its ultimate utility value.
Berkadia objected to the auction procedures and offered $1.15 billion.
The changes the commission made in its auction procedures to avoid problems associated with earlier auctions, the company contends, have worked to dry up sources of capital, thus shutting out the very entrepreneurs the auction was meant to attract.
He says he opposed the less-than-open auction procedures but was overruled by the government.
Under the agreement, Kodak will seek U.S. Bankruptcy Court approval of sale and auction procedures by late March.
The drawback of this auctioning procedure is that it cannot give any QoS guarantee to the nodes as in each time slot another cognitive radio could place a higher bid than an active user and interrupt that user transmission.
