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Bid Selection Strategies for Multi-agent Contracting in the Presence of Scheduling Constraints

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Agent Mediated Electronic Commerce II (AMEC 1999)

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 1788))

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Abstract

Bid evaluation in a multi-agent automated contracting environment presents a challenging search problem. We introduce a multi-criterion, anytime bid evaluation strategy that incorporates cost, task coverage, temporal feasibility, and risk estimation into a simulated annealing framework. We report on an experimental evaluation using a set of increasingly informed search heuristics within simulated annealing. The results show that excess focus on improvement leads to faster improvement early on, at the cost of a lower likelihood of finding a solution that satisfies all the constraints. The most successful approach used a combination of random and focused bid selection methods, along with pruning and repeated restarts.

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Collins, J., Sundareswara, R., Gini, M., Mobasher, B. (2000). Bid Selection Strategies for Multi-agent Contracting in the Presence of Scheduling Constraints. In: Moukas, A., Ygge, F., Sierra, C. (eds) Agent Mediated Electronic Commerce II. AMEC 1999. Lecture Notes in Computer Science(), vol 1788. Springer, Berlin, Heidelberg. https://doi.org/10.1007/10720026_7

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  • DOI: https://doi.org/10.1007/10720026_7

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-67773-4

  • Online ISBN: 978-3-540-44982-9

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