A predictive empirical model for pricing and resource allocation decisions

Wolfgang Ketter, John Collins, Maria L Gini, Paul R Schrater, Alok Gupta

Research output: Chapter in Book/Report/Conference proceedingConference contribution

13 Scopus citations

Abstract

We present a semi-parametric model that describes pricing behaviors in a market environment, and we show how that model can be used to guide resource allocation and pricing decisions in an autonomous trading agent. We validate our model by presenting experimental results obtained in the Trading Agent Competition for Supply Chain Management.

Original languageEnglish (US)
Title of host publicationICEC 2007
Subtitle of host publicationProceedings of the Ninth International Conference on Electronic Commerce
Pages449-458
Number of pages10
DOIs
StatePublished - Dec 14 2007
EventProceedings of the ninth international conference - Minneapolis, MN, United States
Duration: Aug 19 2007Aug 22 2007

Publication series

NameACM International Conference Proceeding Series
Volume258

Other

OtherProceedings of the ninth international conference
CountryUnited States
CityMinneapolis, MN
Period8/19/078/22/07

Keywords

  • Agent-mediated electronic commerce
  • Dynamic pricing
  • Machine learning
  • Market forecasting

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