Title :
Protocols for negotiating complex contracts
Author :
Klein, Mark ; Faratin, Peyman ; Sayama, Hiroki ; Bar-Yam, Yaneer
Author_Institution :
MIT, Cambridge, MA, USA
Abstract :
Research to date on negotiation protocols has focused almost exclusively on defining simple contracts consisting of one or a few independent issues and a relatively small number of possible contracts. Many real-world contracts, in contrast, are much more complex, consisting of multiple interdependent issues and intractably large contract spaces. The family of negotiation protocols we´ve developed make substantial progress toward achieving near-optimal outcomes for negotiations with binary issue dependencies. We propose a simulated annealing-based approach, a refined version based on a parity-maintaining annealing mediator, and an unmediated version of the negotiation protocol.
Keywords :
contracts; simulated annealing; software agents; utility theory; binary issue dependency; contract; negotiation protocols; parity-maintaining annealing mediator; simulated annealing-based approach; software agent; utility function; Aggregates; Contracts; Hamming distance; Pareto optimization; Proposals; Protocols; Simulated annealing;
Journal_Title :
Intelligent Systems, IEEE
DOI :
10.1109/MIS.2003.1249167