A decommitment strategy in a competitive multi-agent transportation setting

Authors:
P. J. 't Hoen;J. A. La Poutre
Affiliations:
Center for Mathematics and Computer Science (CWI), GB Amsterdam, The Netherlands;Center for Mathematics and Computer Science (CWI), GB Amsterdam, The Netherlands and TU Eindhoven, De Lismortel, Eindhoven, The Netherlands
Venue:
AAMAS '03 Proceedings of the second international joint conference on Autonomous agents and multiagent systems
Year:
2003

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Abstract

Decommitment is the action of foregoing a contract for another (superior) offer. It has been shown that, using decommitment, agents can reach higher utility levels in case of negotiations with uncertainty about future prospects. In this paper, we study the decommitment concept for a novel large-scale setting in logistics where companies compete for cargo in online auctions.We find significant increases in profit when agents can decommit. Furthermore, we analyze the circumstances for which decommitment has a positive impact if agents are capable of handling multiple contracts simultaneously.