Evaluating NDF-based negotiation mechanism within an agent-based environment

✍ Scribed by Kung-Jeng Wang; Chung-How Chou

• Publisher: Elsevier Science
• Year: 2003
• Tongue: English
• Weight: 678 KB
• Volume: 43
• Category: Article
• ISSN: 0921-8890
• DOI: 10.1016/s0921-8890(02)00359-7

✦ Synopsis

We investigate the properties of a negotiation mechanism that is based on negotiation decision functions (NDFs) in an agent-based system. The study employs both analytical and simulation approaches. Analysis and evaluation of negotiation tactics and strategies indicated that negotiation deadline significantly influences the convergence performance of the negotiation. Some important properties of the negotiation convergence are analyzed, and a set of experiments are carried out among agents for typical negotiation tactics and strategies to investigate negotiation fairness with respect to the mean difference of deal values and convergence characteristics. A preliminary study on the efficiency of NDF as compared to TAC agents and Pareto optimal is done as well.