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Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management Applications

Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management Applications
Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management Applications
This paper describes the design and evaluation of SouthamptonSCM, a finalist in the 2004 Trading Agent Supply Chain Management Competition (TAC SCM). In particular, we focus on the way in which our agent sets its prices according to the prevailing market situation and its own inventory level (because this adaptivity and flexibility are the key components of its success). Specifically, we analyse our pricing model’s performance both in the actual competition and in controlled experiments (against both risk-seeking and risk-averse price setting methods). Through this evaluation, we show that SouthamptonSCMperforms well across a broad range of environments.
35-42
Springer
He, Minghua
52ab7c24-9bfd-46cb-9c92-9e8b3d53513f
Rogers, Alex
f9130bc6-da32-474e-9fab-6c6cb8077fdc
David, Esther
f26eef58-473c-451b-bbd7-ae39ebb09496
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
La Poutré, H
Sadeh, N
Sverker, J
He, Minghua
52ab7c24-9bfd-46cb-9c92-9e8b3d53513f
Rogers, Alex
f9130bc6-da32-474e-9fab-6c6cb8077fdc
David, Esther
f26eef58-473c-451b-bbd7-ae39ebb09496
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
La Poutré, H
Sadeh, N
Sverker, J

He, Minghua, Rogers, Alex, David, Esther and Jennings, N. R. (2005) Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management Applications. La Poutré, H, Sadeh, N and Sverker, J (eds.) In Agent-mediated Electronic Commerce, Designing Trading Agents and Mechanisms: AAMAS 2005 Workshop AMEC 2005, Utrecht, Netherlands, July 25, 2005, and IJCAI 2005 Workshop TADA 2005, Edinburgh, UK, August 1, 2005, Selected and Revised Papers. Springer. pp. 35-42 .

Record type: Conference or Workshop Item (Paper)

Abstract

This paper describes the design and evaluation of SouthamptonSCM, a finalist in the 2004 Trading Agent Supply Chain Management Competition (TAC SCM). In particular, we focus on the way in which our agent sets its prices according to the prevailing market situation and its own inventory level (because this adaptivity and flexibility are the key components of its success). Specifically, we analyse our pricing model’s performance both in the actual competition and in controlled experiments (against both risk-seeking and risk-averse price setting methods). Through this evaluation, we show that SouthamptonSCMperforms well across a broad range of environments.

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More information

Published date: 2005
Additional Information: Event Dates: Auguest 2005
Venue - Dates: IJCAI Workshop on Trading Agent Design and Analysis, United Kingdom, 2005-08-01
Organisations: Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 260846
URI: https://eprints.soton.ac.uk/id/eprint/260846
PURE UUID: 23cbd0d2-6004-4734-93d4-727b72875068

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Date deposited: 09 May 2005
Last modified: 18 Jul 2017 09:09

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