A parallel, multi-issue negotiation model in dynamic e-markets

  • Authors:
  • Fenghui Ren;Minjie Zhang;Xudong Luo;Danny Soetanto

  • Affiliations:
  • School of Computer Science and Software Engineering, University of Wollongong, Australia;School of Computer Science and Software Engineering, University of Wollongong, Australia;School of Computer Engineering, Nanyang Technological University, Singapore;School of Electrical, Computer and Telecom Engineering, University of Wollongong, Australia

  • Venue:
  • AI'11 Proceedings of the 24th international conference on Advances in Artificial Intelligence
  • Year:
  • 2011

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Abstract

Negotiating agents play a key role in e-markets and become more popular. However, in much existing work, the e-markets are assumed to be closed and static, which is unrealistic. To address the issue, this paper developed negotiating agents that can adapt their negotiation strategies, outcome expectations, offer evaluations, and counter-offers generations in dynamic, open e-markets. Also, the proposed agents can generate multiple counter-offers according to different preferences so as to further improve their negotiation outcomes. Finally, the experimental results show the improvements on agents' profits by employing our negotiation model.