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Automated Sealed-Bid Negotiation Model for Multi-issue Based on Fuzzy Method

  • Linlan Zhang
  • Haigang Song
  • Xueguang Chen
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 5552)

Abstract

This paper presents an automated sealed-bid design for multi-issue negotiation. In our negotiation model, both agents simultaneously submit their offers to the mediate agent. Each agent has a representation of its desired attributes for a trading commodity using fuzzy linguistic terms. This method is flexible for the agents to offer according to own demand, taking into account the interdependencies between the attributes. It is important to emphasize that proposed bargaining method is carried out under incomplete information, and agents’ information about own parameters are considered completely private. The design can discourage counter-speculation and effectively control fraud and misrepresentation in a certain extent. In addition, using the proposed method of calculating agreed-price, agents can be stimulated to reach an agreement as early as possible. Through a case study, the capabilities of the proposed method are illustrated.

Keywords

Bargaining Multi-issue negotiation Sealed-bid Membership function 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2009

Authors and Affiliations

  • Linlan Zhang
    • 1
  • Haigang Song
    • 2
  • Xueguang Chen
    • 1
  1. 1.Institute of Systems EngineeringHuazhong University of Science and TechnologyWuhanChina
  2. 2.Basic Research Service of the Ministry of Science and Technology of the P. R. ChinaBeijingChina

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