Knowledge-empowered agent negotiation for electronic commerce with knowledge beads

To automate the agent negotiation process, it has been widely accepted that two important tasks must be done: (1) formalize the negotiation process, and (2) incorporate necessary negotiation knowledge and intelligence. However, due to the fuzzy and complex nature, the lack of knowledge interoperability and knowledge-reuse in most agent-based services deployed has posed certain drawback to automated negotiation. An object-oriented ontology-based building block for knowledge representation, namely, knowledge bead (KB), has been proposed in (S. Fong, et al., 2002). It was designed as a foundation to enable automated agent negotiation in e-trading environment in a systematic way. This paper features the research work of KB on constructing its taxonomy and methodology, and the use of the knowledge carried by KB´s in automated negotiation process. We anticipate the more efficient electronic commerce achieved with the support of the knowledge-empowered agent negotiation