Bayesian network based multiagent system—application in e-marketplace

The concept of e-marketplace has been touted through the extensive use of the Internet. However, the task of filtering the potential supplier base in the e-marketplace is tedious while evaluating all the necessary qualitative and quantitative decision factors. Since the buyers have to evaluate and select suppliers by conveying necessary contingent information among potential suppliers, a superior structure of a multiagent system is constructed in this study to present the characteristics of the e-marketplace. The illustrative examplesʹ results prevail to show that, after communicating among the virtual e-marketplace, the suppliers did know how to adapt their strategies to accommodate buyersʹ demand. On the other hand, the buyers also know which supplier is the most appropriate for short term as well as long term.