USING AGENTS’ ATTITUDES AND ASSESSMENTS IN AUTOMATED FUZZY BIDDING STRATEGY

Madhu Lata Goyal, Jun Ma

Abstract

To be successful in multi-attribute auction, agents must be capable of adapting to continuous changing bidding price. This paper presents a novel fuzzy attitude based bidding strategy (FA-Bid), which employs dual assessment technique i.e. assessment of multiple attributes of the goods as well as assessment of agents attitude (eagerness) to procure an item in automated auction. The assessment of attributes adapts the fuzzy sets technique to handle uncertainty of the bidding process as well use heuristic rules to determine attitude of bidding agents in simulated auctions to procure goods. The overall assessment is used to determine a price range based on current bid, which finally selects the best one as the new bid.

References

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Paper Citation


in Harvard Style

Lata Goyal M. and Ma J. (2009). USING AGENTS’ ATTITUDES AND ASSESSMENTS IN AUTOMATED FUZZY BIDDING STRATEGY . In Proceedings of the International Conference on Agents and Artificial Intelligence - Volume 1: ICAART, ISBN 978-989-8111-66-1, pages 385-391. DOI: 10.5220/0001656503850391


in Bibtex Style

@conference{icaart09,
author={Madhu Lata Goyal and Jun Ma},
title={USING AGENTS’ ATTITUDES AND ASSESSMENTS IN AUTOMATED FUZZY BIDDING STRATEGY},
booktitle={Proceedings of the International Conference on Agents and Artificial Intelligence - Volume 1: ICAART,},
year={2009},
pages={385-391},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0001656503850391},
isbn={978-989-8111-66-1},
}


in EndNote Style

TY - CONF
JO - Proceedings of the International Conference on Agents and Artificial Intelligence - Volume 1: ICAART,
TI - USING AGENTS’ ATTITUDES AND ASSESSMENTS IN AUTOMATED FUZZY BIDDING STRATEGY
SN - 978-989-8111-66-1
AU - Lata Goyal M.
AU - Ma J.
PY - 2009
SP - 385
EP - 391
DO - 10.5220/0001656503850391