A proposal of multi-agent negotiation mechanism based on dynamic market concept for pareto optimal solution

Authors:
Toshiya Kaihara;Susumu Fujii
Affiliations:
Department of Computer and Systems Engineering, Faculty of Engineering, Kobe University, Kobe, Japan;Department of Computer and Systems Engineering, Faculty of Engineering, Kobe University, Kobe, Japan
Venue:
HoloMAS'05 Proceedings of the Second international conference on Holonic and Multi-Agent Systems for Manufacturing
Year:
2005

Citing 2
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Supply Chain Management Based on Market Mechanism in Virtual Enterprise

PRO-VE '99 Proceedings of the IFIP TC5 WG5.3 / PRODNET Working Conference on Infrastructures for Virtual Enterprises: Networking Industrial Enterprises
A market-oriented programming environment and its application to distributed multicommodity flow problems

Journal of Artificial Intelligence Research

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Abstract

One of advantages for software agent is their ability to serve as proxies for trade and bartering. This has led to the analysis and development of negotiation mechanism for general resource allocation problem. We consider agent-mediated Pareto optimal allocation of resources through market mechanism. We formulate virtual market model as a discrete resource allocation problem in dynamic situations, and demonstrate the applicability of the market concept with multi-agent paradigm to this framework. In this paper we clarify the proposed mechanism successfully calculates Pareto optimal solutions for the resource allocation problem by comparing our method with conventional analytic approaches. Additionally we apply the mechanism into dynamic market environment, and analyse the rationality of the emerged market by computer simulation.