Name
Abstract | ||
|---|---|---|
One of the crucial issues of automated negotiation in multi-agent systems is how to reach an agreement when a negotiation environment becomes open and dynamic. Even though some strategies have been proposed by researchers, most of them can only work within a static negotiation environment. In this paper, we present a model for designing a strategy for agents that makes adjustable rates of concession by negotiating according to the changes of environments with uncertain and dynamic outside options. This proposal is based on the market-driven agents (MDAs) model, and is guided by four factors in order to determine the degree of concession. These factors are trading opportunity, trading competition, trading time and strategy, and eagerness. The contribution of this paper is extending the MDAs model to an open and dynamic negotiation environment by considering both the current and potential changes of the environment. |
Year | DOI | Venue |
|---|---|---|
2009 | 10.1016/j.dss.2008.11.005 | Decision Support Systems |
Keywords | Field | DocType |
automated trading agent,negotiation environment,crucial issue,automated negotiation,multi-lateral negotiation,open market,negotiation agents,bargaining,trading competition,dynamic negotiation environment,static negotiation environment,adjustable rate,trading time,dynamic outside option,mdas model,e-markets,multi agent system | Trading strategy,Intelligent agent,Open market operation,Computer science,Knowledge management,Stock exchange,Risk analysis (engineering),Software architecture,Open system (systems theory),Algorithmic trading,Operations management,Negotiation | Journal |
Volume | Issue | ISSN |
46 | 3 | Decision Support Systems |
Citations | PageRank | References |
30 | 1.22 | 20 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Fenghui Ren | 1 | 153 | 20.05 |
| Minjie Zhang | 2 | 255 | 30.01 |
| Kwang Mong Sim | 3 | 1326 | 86.94 |