Mechanism design for automated negotiation, and its application to task oriented domains
Artificial Intelligence
ICOMA: An Open Infrastructure for Agent-based Intelligent Electronic Commerce on the Internet
ICPADS '97 Proceedings of the 1997 International Conference on Parallel and Distributed Systems
Electronic multilateral trade of electricity
Advances in Engineering Software
An evolutionary computation approach to electricity trade negotiation
Advances in Engineering Software
Agent-based negotiation platform for contract electricity market
MMACTE'05 Proceedings of the 7th WSEAS International Conference on Mathematical Methods and Computational Techniques In Electrical Engineering
An evolutionary computation approach to electricity trade negotiation
Advances in Engineering Software
An open multi-agent platform for price strategy optimization of generators in market environment
CIMMACS'05 Proceedings of the 4th WSEAS international conference on Computational intelligence, man-machine systems and cybernetics
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This paper presents a trade server for electricity e-commerce. The server is generic and platform independent software that emulates human intelligence to trade electricity as a merchandise. It is built into each of the software agents that operate on behalf of the individual business entities in electricity markets. The server initiates trading with other agents through its modules following a designated strategy. The communication media among agents is the Internet. The software is component-based and is coded in C++. We use the Western System Coordinating Council (WSCC) system for testing. The results of the automated trade system are comparable to the results of the standard supply function equilibria model that may be used by human decision-makers. The automated trade system, however, requires less human workforce, reduces transaction time and better explores trading opportunities.