Title
A platform for pervasive combinatorial trading with opportunistic self-aggregation
Date Issued
24 September 2008
Access level
metadata only access
Resource Type
conference paper
Author(s)
Imperial College London
Abstract
We describe a prototype of trading system platform populated by agents who autonomously decide to buy and/or sell items according to a set of local needs which arise dynamically (also by possibly accessing information provided by pervasive devices) by in the process of fulfilling a given overall utility. The market has combinatorial nature in a way that items to be traded are combined into packages, in accordance with a principle that drives the nature of many current markets. However, differently from these, items belong to a number of distinct sellers distributed in the platform, and are chosen singularly on the basis of buyers preferences and needs. Agents are thus situation-aware, with sellers coming acquainted of the market demand, and buyers price offers, through a Knowledge Network. This latter drives the way market offers balance the demand by gathering the needed information in an autonomous way and taking advantage of pervasive devices. Packaging is realized by agent aggregation into Virtual Sellers, in an autonomous fashion, and we propose an opportunistic policy whereby aggregation is governed by a Combinatorial Auction. The market is studied through proof-of-concept simulation, where the efficiency deriving from the opportunistic aggregation based on Combinatorial Auctions and the influence of contextual self-awareness are studied. © 2008 IEEE.
Language
English
OCDE Knowledge area
Ingeniería de sistemas y comunicaciones
Scopus EID
2-s2.0-52049100617
ISBN of the container
9781424421008
Conference
2008 IEEE International Symposium on A World of Wireless, Mobile and Multimedia Networks, WoWMoM2008
Sources of information:
Directorio de Producción Científica
Scopus