Automated negotiation with behaviour prediction. (2015)

• Record Type: Journal Article
• Authors: Bala, Mohammad Irfan; Vij, Sheetal; Mukhopadhyay, Debajyoti
• Is Part Of: International journal of internet protocol technology. Volume 9:Number 1(2015)
• Page Start: 44
• Page End: 50
• Publication Date: 2015
• Subjects: automated negotiation -- prediction -- software agents -- negotiation tactics -- pricing negotiation -- partner behaviour -- multi-agent systems -- MAS -- agent-based systems; File Transfer Protocol (Computer network protocol) -- Periodicals; Multicasting (Computer networks) -- Periodicals; 004.678
• Languages: English
• ISSNs: 1743-8209

Abstract

The proliferation of web technologies has made it increasingly important to make the traditional negotiation pricing mechanism automated and intelligent. Negotiation is although a complex activity to automate without human intervention but the software agents when enhanced with learning techniques can better simulate the human intelligence and increase the profits of their owners. Prediction of partner's behaviour in negotiation will not only improve the utility gain for the adaptive negotiation agent but also achieve the agreement much quicker. The basic concept is that the information about negotiators, their individual actions and dynamics can be used by software agents who are equipped with adaptive capabilities so that they can learn from past negotiations and provide assistance for selection of appropriate negotiation tactics. In this paper an automated negotiation system has been proposed which is capable of predicting the strategy and the preferences of the opponent.