Abstract

An automated negotiation environment, in which agents employ dierent bargaining strategies is described. During negotiation, as more information is exchanged in the negotiation rounds, the agents can change the preferences for certain attributes of the negotiation object. The multi-agent system is developed for a real estate agency business model and several use cases scenarios, using intelligent software agents, are implemented.

Highlights

  • Negotiation is an important issue in business environments

  • In our previous works regarding the automated negotiation process, we have proposed bargaining strategies that are based on agent profiles, which can describe statically or can develop dynamically the agent preferences for certain attributes of the negotiation object [5, 6]

  • This paper extends our previous work and proposes an agent model, in which the agents apply the negotiation strategy best suited to them, according to the negotiation situation

Read more

Summary

Introduction

Negotiation is an important issue in business environments. Automated negotiation is a process, in which software agents communicate between them, in order to reach a mutually acceptable agreement [1]. In our previous works regarding the automated negotiation process, we have proposed bargaining strategies that are based on agent profiles, which can describe statically or can develop dynamically the agent preferences for certain attributes of the negotiation object [5, 6]. The agents in the system use different strategies, for instance, at each negotiation step, the price is decreased by 1, or is decreased by 3 Another strategy rule tells what happens when the price increases with 10% above the private value, if the offer is instantly accepted or not. According to the negotiation history with a certain agent and depending on the cooperation class of the partner, the agent learns in time which negotiation strategy offers the maximum gain. Reject the offers of other agents interested in this object; Table 4.1 The Buyer Agents Requirements and the Seller Offer in the Three-to-One Automated Negotiation Scenario, with Two House Types

Rooms 3 Rooms 2 Rooms 3 Rooms
Rooms 3 Rooms 4 Rooms 2 Rooms 3 Rooms 4 Rooms 2 Rooms 3 Rooms 4 Rooms
Findings
Conclusions and Future Work

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.