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AMET
1998
Springer

Bid Evaluation and Selection in the MAGNET Automated Contracting System

11 years 5 months ago
Bid Evaluation and Selection in the MAGNET Automated Contracting System
We present an approach to the bid-evaluation problem in a system for multi-agent contract negotiation, called MAGNET. The MAGNET market infrastructure provides support for a variety of types of transactions, from simple buying and selling of goods and services to complex multi-agent contract negotiations. In the latter case, MAGNET is designed to negotiate contracts based on temporal and precedence constraints, and includes facilities for dealing with time-based contingencies. One responsibility of a customer agent in the MAGNET system is to select an optimal bid combination. We present an e cient anytime algorithm for a customer agent to select bids submitted by supplier agents in response to a call for bids. Bids might include combinations of subtasks and might include discounts for combinations. In an experimental study we explore the behavior of the algorithm based on the interactions of factors such as bid prices, number of bids, and number of subtasks. The results of experiments ...
Erik S. Steinmetz, John Collins, Scott Jamison, Ra
Added 05 Aug 2010
Updated 05 Aug 2010
Type Conference
Year 1998
Where AMET
Authors Erik S. Steinmetz, John Collins, Scott Jamison, Rashmi Sundareswara, Bamshad Mobasher, Maria L. Gini
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