Buyer-Supplier Negotiation by Fuzzy Logic Based Agents

Authors:
Chi-Bin Cheng;Chu-Chai Henry Chan;Cheng-Chuan Lin
Affiliations:
Chaoyang University of Technology;Chaoyang University of Technology;Chaoyang University of Technology
Venue:
ICITA '05 Proceedings of the Third International Conference on Information Technology and Applications (ICITA'05) Volume 2 - Volume 02
Year:
2005

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Abstract

Automated negotiation between buyers and suppliers has become increasingly important since the advent of the e-Marketplace. In this study, automated negotiation by software agents is investigated. The negotiation tactics of an agent are formulated based on the concept of issue trade-offs and are presented as fuzzy rules. A simple heuristic is employed to learn the opponentýs preference structure in the negotiation process. Initial experimental results are provided.