Modeling e-procurement as co-adaptive matchmaking with mutual relevance feedback

  • Authors:
  • Reiko Hishiyama;Toru Ishida

  • Affiliations:
  • Department of Social Informatics, Kyoto University, Kyoto, Japan;Department of Social Informatics, Kyoto University, Kyoto, Japan

  • Venue:
  • PRIMA'04 Proceedings of the 7th Pacific Rim international conference on Intelligent Agents and Multi-Agent Systems
  • Year:
  • 2004

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Abstract

This paper proposes a new e-procurement model for a large number of buyers and sellers interacting via the Internet. The goal of e-procurement is to create a satisfactory match between buyers’ demand and sellers’ supply. From our real-world experience, we view e-procurement as a process of negotiation to increase the matching quality of two corresponding specifications: one for buyers’ demand and another for sellers’ supply. To model scalable e-procurement, we propose a co-adaptive matchmaking mechanism using mutual relevance feedback. In order to understand the nature of the mechanism, we have developed two types of software agents, called e-buyers and e-sellers, to simulate human buyers and sellers. Multiagent simulation results show that the matching quality is incrementally improved if agents adaptively change their specifications. A realistic example is also provided to discuss how to extend our simulation to real-world e-procurement infrastructure.