ResMAS - A Conceptual MAS Model for Resource-Based Integrated Markets
Contemporary information systems provide extended capabilities to support both system and market operations and favour the emergence of dynamic marketplaces to complement traditional market organisations. An integrated market-based approach considers the coexistence of different market types and their interaction. We discuss ResMAS, a conceptual model for resource-based integrated markets where the entities are modelled as a Multi-Agent System (MAS). In this paper we exemplify the application of ResMAS in a plausible scenario: electricity markets. The main contributions of the ResMAS model comprise the capability to model complex agent decisions, the possibility to analyse the interaction among markets, and the possibility to create new regulation mechanisms to achieve the expected outcomes.
KeywordsMarket-based model Multi-Agent Systems Resource-based market
This work is partially funded through IBRASIL, a Full Doctorate programme under Erasmus Mundus, Action 2 – STRAND 1, Lot 16, and FCT, the Portuguese Agency for R&D, under PhD Scholarship grant SFRH/BD/67202/2009.
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