Evaluating risk: Flexibility and feasibility in multi-agent contracting

John Collins, Maksim Tsvetovat, Rashmi Sundareswara, Joshua van Tonder, Maria L Gini, Bamshad Mobasher

Research output: Contribution to conferencePaper

12 Scopus citations

Abstract

In an automated contracting environment, where a contractor agent must negotiate with other self-interested supplier agents in order to execute its plans, there is a tradeoff between giving the suppliers sufficient flexibility to incorporate the requirements of the contractor's call-for-bids into their own resource schedules, and ensuring the contractor that any bids received can be composed into a feasible plan. We introduce a bid evaluation process that incorporates cost, task coverage, temporal feasibility, and risk estimation. Using this evaluation process, we describe an empirical study of the tradeoffs between flexibility, plan feasibility, and cost in the context of our MAGNET multi-agent contracting market infrastructure.

Original languageEnglish (US)
Pages350-351
Number of pages2
StatePublished - Jan 1 1999
EventProceedings of the 1999 3rd International Conference on Autonomous Agents - Seattle, WA, USA
Duration: May 1 1999May 5 1999

Other

OtherProceedings of the 1999 3rd International Conference on Autonomous Agents
CitySeattle, WA, USA
Period5/1/995/5/99

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    Collins, J., Tsvetovat, M., Sundareswara, R., van Tonder, J., Gini, M. L., & Mobasher, B. (1999). Evaluating risk: Flexibility and feasibility in multi-agent contracting. 350-351. Paper presented at Proceedings of the 1999 3rd International Conference on Autonomous Agents, Seattle, WA, USA, .