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2014 47th Hawaii International Conference on System Sciences (2005)
Big Island, Hawaii
Jan. 3, 2005 to Jan. 6, 2005
ISSN: 1530-1605
ISBN: 0-7695-2268-8
pp: 35a
Oliver Wendt , Frankfurt University, Germany
Michael Schwind , Frankfurt University, Germany
Tim Stockheim , Frankfurt University, Germany
This paper presents a decentralized negotiation protocol for cooperative economic scheduling in a supply chain environment. For this purpose we designed autonomous agents that maximize their profits by optimizing their local schedule and offer side payments to compensate other agents for lost profit or extra expense if cumulative profit is achievable.<div></div> To further increase their income the agents have to apply a randomized local search heuristic to prevent the negotiation from stopping in locally optimal contracts. We show that the welfare could be increased by using a search strategy similar to Simulated Annealing. Unfortunately, a na?ve application of this strategy makes the agents vulnerable to exploitation by untruthful partners. We develop and test a straightforward mechanism based on trust accounts to protect the agents against systematic exploitation. This "Trusted" Simulated Annealing mechanism fosters the agents to truthfully reveal their opportunity cost situation, which is used as the basis for the calculation of side payments.
Oliver Wendt, Michael Schwind, Tim Stockheim, "A Trust-based Negotiation Mechanism for Decentralized Economic Scheduling", 2014 47th Hawaii International Conference on System Sciences, vol. 01, no. , pp. 35a, 2005, doi:10.1109/HICSS.2005.59
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