Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management Applications
OA Location
Author(s)
He, Minghua
Rogers, Alex
David, Esther
Jennings, NR
Type
Conference 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.
Editor(s)
Poutré, H La
Sadeh, N
Sverker, J
Date Issued
2005
Citation
2005, pp.35-42
Publisher
Springer
Start Page
35
End Page
42
Identifier
http://eprints.soton.ac.uk/260846/
Notes
Event Dates: Auguest 2005