DocumentCode :
3305710
Title :
The Potluck Problem with consumers´ choice behavior
Author :
Singh, Nidhi ; Rao, Shrisha
Author_Institution :
IBM India Private Ltd., Bangalore, India
fYear :
2009
fDate :
22-25 Aug. 2009
Firstpage :
328
Lastpage :
333
Abstract :
This paper extends the current Potluck Problem to include multiple goods in the relevant problem scenario, thereby bringing in the question of estimation of consumers´ choice behaviors in the system. Given a variety of dishes to choose from at any dinner instance, an agent chooses a set of dishes in a particular proportion such that his utility from the total consumption is maximized. Such choice behaviors of agents determine the demand structure of the dishes offered in a potluck dinner. In this paper, we use mathematically specified models of consumer choice to represent these behaviors. These models are used to build a set of predictors that are capable of computing certain functional forms and variables (including seasonal and trend variables) of the demand system. Such predictors existing in the system are then used by agents in estimating the demand at future potluck dinner instances.
Keywords :
consumer behaviour; resource allocation; consumer choice; demand structure; demand system; potluck dinner; potluck problem; seasonal variables; trend variables; Automation; Information technology; Iron; Mathematical model; Predictive models; Resource management; Veins;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Automation Science and Engineering, 2009. CASE 2009. IEEE International Conference on
Conference_Location :
Bangalore
Print_ISBN :
978-1-4244-4578-3
Electronic_ISBN :
978-1-4244-4579-0
Type :
conf
DOI :
10.1109/COASE.2009.5234114
Filename :
5234114
Link To Document :
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