By Daniel J. Veit
Electronic negotiations problem transactions at the foundation of digital media, reminiscent of the net. structures were constructed to help contributors in digital markets in the course of the contract section. the major job during this is the matching of deals and requests, for which we want a score of the choices. during this ebook the writer defines a framework within which a rating may be generated on the way to gather an optimum choice for a wanted transaction - this strategy is termed matchmaking.
The writer introduces a prevalent framework for multidimensional, multiattribute matchmaking, its implementation, and an research of it. The genericity of the author’s process implies that the implementation, learned as a multiagent method, can signify either supplying and inquiring for brokers, and the framework may be utilized to a massive number of purposes. The use situations within the booklet are derived from the human assets area, and therefore contain rather complicated matchmaking.
The author’s presentation is thorough and self-contained. He presents definitions of the proper enterprise and machine technology phrases, and particular reasons of the underlying mathematical instruments and software program implementations.
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Extra resources for Matchmaking in Electronic Markets: An Agent-Based Approach towards Matchmaking in Electronic Negotiations
Sample text
Requester. In case of single-attribute auctions this is obvious. The utility function takes as input the item’s attribute instance and maps this to a score. In case of a multi-attribute scenario this is not as trivial. In this case a utility function must map each property of an offered item to a virtual currency or score and combine the virtual currency or score results of each attribute to an overall value. This overall value is called the overall utility of an item for a requester. Finally this overall utility decides which item wins.
1 the notion of an auction in the economic sense is referred to. Bichler et al. (1999) focus on this issue as follows: ”An auction is an economic mechanism for determining the price of an item. ” (see Bichler et al. 1999, p. 155). As also shown in the phases of an intention and agreement phase of an electronic negotiation, an auction mechanism also checks a bid for its validity and updates the active bids by the highest one. There are several different auction protocols. These are further considered in Section 3 in more detail.
The second possibility consists of the determination of the attribute utility function itself. This would be possible if the attribute has a discrete value domain. An example for such an attribute would be the color of an item. A requester can easily define a personalized attribute utility function for such an item. Here, the idea is to assign a personal score to each possible color. Matchmaking for Utility Computation Some authors started to work on the domain of multi-attribute utility computation for multi-attribute electronic auctions.