NDLI: Learning from the Metaheuristics: Protocols for Automated Negotiations

Content Provider	Springer Nature Link
Author	Lang, Fabian Fink, Andreas
Copyright Year	2014
Abstract	Nowadays, enterprises are more and more interconnected such that operational planning has to consider the different interests of the involved organizations. This may be a challenging and complex task as it is subject to strategic interactions and incomplete information. Automated negotiation by software agents is a powerful tool which can handle these issues and facilitate intercompany planning. Nevertheless, sophisticated negotiation protocols that govern the rules of the negotiation are needed. In this study, we present and evaluate two configurable protocols for multi-issue negotiations, which are inspired by general heuristic optimization algorithms for centralized problems, so-called metaheuristics. The protocols consist of several policy building blocks; these are evaluated with regard to their impact on the negotiation outcome. The evaluation shows that both protocols can efficiently achieve beneficial solutions—even for complex, nonlinear contract spaces—given the parameterization and the configuration of building blocks are chosen appropriately. Furthermore, we elaborate on requirements for appropriate protocol design and find that both protocols adequately comply with the requirements.
Starting Page	299
Ending Page	332
Page Count	34
File Format	PDF
ISSN	09262644
Journal	Group Decision and Negotiation
Volume Number	24
Issue Number	2
e-ISSN	15729907
Language	English
Publisher	Springer Netherlands
Publisher Date	2014-04-22
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Automated negotiation Negotiation protocol Mechanism design Complex contracts Operations Research/Decision Theory Social Sciences
Content Type	Text
Resource Type	Article
Subject	Arts and Humanities Strategy and Management Social Sciences Management of Technology and Innovation Decision Sciences

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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