Strategies for Agent-Based Negotiation in E-Trade

2012 ◽  
pp. 43-65
Author(s):  
Raja Al-Jaljouli ◽  
Jemal H. Abawajy
Keyword(s):  
Decision Making ◽  
Reactive Attitudes ◽  
The Internet ◽  
Negotiation Strategy ◽  
Proper Action ◽  
Agent Based ◽  
Negotiation Strategies ◽  
Decision Making Factors ◽  
Market Status ◽  
Short Time

E-negotiation handles negotiation over the Internet without human supervision and has shown effectiveness in concluding verifiable and more favorable agreements in a reasonably short time. In this chapter, the authors discuss the negotiation system and its components with particular emphasis on negotiation strategies. A negotiation strategy defines strategic tactics, which advise on the proper action to select from a set of possible actions that optimizes negotiation outcomes. A strategy should integrate negotiation goals and reactive attitudes. Usually, a fixed strategy is implemented during the course of negotiation regardless of significant decision-making factors including market status, opponent’s profile, or eagerness for a negotiated goods/service. The chapter presents the main negotiation strategies and outlines the different decision-making factors that should be considered. A strategy uses a utility function to evaluate the offer of an opponent and advises on the generation of a counter offer or the best interaction. The authors finally discuss different utility functions presented in the literature.

Similarity-Based Decision Support for Internet Enabled Supply-Web Interactions

1998 ◽  
Author(s):  
Raj Veeramani ◽  
Narayanan Viswanathan ◽  
Shailesh M. Joshi
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Manufacturing Industry ◽  
Job Shop ◽  
The Internet ◽  
Agent Based ◽  
New Approaches ◽  
Effective Decision ◽  
Use Of The Internet ◽  
Effective Decision Making

Abstract New approaches for decision making are emerging to support the use of the Internet for supply-web interactions in the manufacturing industry. In this paper, we discuss one such paradigm, namely similarity-based decision support. It recognizes that knowledge of similar experiences can support rapid and effective decision making in various forms of supply-web interactions. We illustrate this approach using two prototype systems, WebScout (an agent-based system for customer–supplier matchmaking in the job-shop machining industry context) and TOME (Treasury of Manufacturing Experiences — an Intranet application to aid manufacturability assessment in foundries).

scholarly journals Decision Making in Internet of Things (IoT) : A Systematic Literature Review

2020 ◽  
Vol 5 (1) ◽  
pp. 51-65
Author(s):  
Hespri Yomeldi
Keyword(s):  
Decision Making ◽  
Internet Of Things ◽  
Research Question ◽  
Fog Computing ◽  
The Internet ◽  
New Paradigm ◽  
Decision Making Factors ◽  
Decision Making System ◽  
Machine Communication ◽  
Support Decision Making

Today’s internet technologies support everything that human do. By using integrated technologies the things that connected to internet can provide data. The Internet of Things (IoT) is the new paradigm in provide the data without human communicated. The IoT system support machine to machine communication that can be used to develop smart services that can generate a lot of data. This exponential data can support a decision making. The decision making system depend on availability and reliability of data. This study focus to how the Internet of Thing support decision making system. With a survey of literature to understand the trends, models and factors of decision making in IoT based on previous research. This survey following step by conduct the research question (RQ), then search and observation the previous research from database journal. Based on reviewing 26 articles, this study conclude that the trends of decision making in IoT are implemented on Manufacturing and Industry, Healthcare, Agriculture and Transportation. Besides that the decision model that can support by IoT used Fog Computing,  Fuzzy, Game Theoritic, Clustering Based on Multimodal Data Correlation, etc. Meanwhile the decision making factors that influenced by IoT like Latency, data-driven, security, data reliability and accurate.  The integrated of model and point of interest on decision making in IoT should be improved.  It will be the opportunities and challenge in IoT to support decision making in future.

scholarly journals A Microcontroller-based Intelligent System for Real-time Flood Alerting

2010 ◽  
Vol 5 (5) ◽  
pp. 844 ◽  
Author(s):  
Mihaela Oprea ◽  
Vasile Buruiana ◽  
Alexandra Matei
Keyword(s):  
Operating System ◽  
Decision Making ◽  
User Interface ◽  
Real Time ◽  
Communication Channel ◽  
Intelligent System ◽  
The Internet ◽  
Radio Communication ◽  
Decision Making Factors ◽  
Alerting Systems

The development of efficient flood alerting systems became more demanding in the last years. In this paper it is presented the first version of a prototype intelligent system for flood forecasting and real-time alerting. The system is implemented by using a microcontroller from the ARM family, Marvell 88F6281, and has a user interface realized under the Free UnixBSD operating system. Also, a knowledge base is integrated in the system. The real-time alert is sent to the decision making factors via a communication channel (such as, the internet, a mobile phone, or radio communication). Some experimental results obtained so far are also discussed in the paper.

scholarly journals Internalizing the externalities of overfunding: an agent-based model approach for analyzing the market dynamics on crowdfunding platforms

2021 ◽  
Author(s):  
Jascha-Alexander Koch ◽  
Jens Lausen ◽  
Moritz Kohlhase
Keyword(s):  
Decision Making ◽  
The Internet ◽  
Agent Based Model ◽  
External Effects ◽  
Agent Based ◽  
Valuable Alternative ◽  
Redistribution Mechanism ◽  
Funding Success ◽  
Multi Attribute Decision Making ◽  
Model Approach

AbstractCrowdfunding platforms offer project initiators the opportunity to acquire funds from the Internet crowd and, therefore, have become a valuable alternative to traditional sources of funding. However, some processes on crowdfunding platforms cause undesirable external effects that influence the funding success of projects. In this context, we focus on the phenomenon of project overfunding. Massively overfunded projects have been discussed to overshadow other crowdfunding projects which in turn receive less funding. We propose a funding redistribution mechanism to internalize these overfunding externalities and to improve overall funding results. To evaluate this concept, we develop and deploy an agent-based model (ABM). This ABM is based on a multi-attribute decision-making approach and is suitable to simulate the dynamic funding processes on a crowdfunding platform. Our evaluation provides evidence that possible modifications of the crowdfunding mechanisms bear the chance to optimize funding results and to alleviate existing flaws.

scholarly journals Choice of Intermediary for Leisure Travel Arrangements

2015 ◽  
Vol 7 (5(J)) ◽  
pp. 65-78 ◽  
Author(s):  
Ikechukwu O. Ezeuduji
Keyword(s):  
South Africa ◽  
Decision Making ◽  
Distribution Channel ◽  
Personal Contact ◽  
The Internet ◽  
Specific Reference ◽  
Travel Agent ◽  
Decision Making Factors ◽  
Travel Decisions ◽  
Travel Decision

Travellers can plan and arrange holidays themselves online or through the supplier, or use the services of a travel organizer, such as a travel agent. Consumers of travel services will seek to optimize choices by selecting a distribution channel which will provide them with the greatest perceived value. The primary goal of this study is to explore the underlying factors that influence consumer behaviour in making travel decisions, with specific reference to choosing between booking through a travel agent or online. Research with a perspective on travel decision-making in South Africa is limited. This study surveyed 408 respondents residing in South Africa using a structured questionnaire examining preference in booking holiday flights or accommodation through a travel agent or Internet. Exploratory factor analysis was used to identify factors influencing traveller decision-making. Factors that influence travel decision-making were identified to include ‘trust’, ‘convenience and adoption of technology’, ‘best deal and price’, and ‘personal contact’. Travellers who preferred booking through the Internet found the potential of technology to save time and effort and to be convenient, due to the Internet being available day and night, important advantages of booking online. Travellers who preferred booking through a travel agent placed a premium on personal contact and social interaction between traveller and travel agent. They further valued the travel experience and ability of the travel agent to group transactions.

Communicative Transformation of Professional Values of Modern Scientific Communities

Communicology ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 15-24
Author(s):  
A.S. Proskurina
Keyword(s):  
Decision Making ◽  
Professional Ethics ◽  
Scientific Work ◽  
Professional Values ◽  
The Internet ◽  
Practical Implementation ◽  
Scientific Communities ◽  
Neoliberal Reforms ◽  
Communication Practices ◽  
The Relationship

Today ethics is embodied not only in day-to-day life, but also in the communication that surrounds it. The study of communication in professional communities makes it possible to determine the relationship between declared and practically embodied values in work. Ethical attitudes are not only postulates embedded in ethical codes, but also principles of interaction embodied in the construction of the information space and decision-making. Features of modern communications influence the way professional ethics is structured, which, in turn, affects its content and practical implementation. The communication through the Internet makes scientific work performative, filling it with symbols and labels. Increasingly, communication practices have to be carried out around indicators, and thus communication becomes a conductor of neoliberal reforms in scientific work. Therefore, the consequence of modern forms of communication is the forced utilitarianism of ethics associated with the need to compete in the “scientific market”. The article suggests possible ways to overcome the contradictions of communicative transformations of professional values.

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