Multi-agent Negotiation in Electricity Markets

Author(s):  
Fernando Lopes ◽  
Helder Coelho
Author(s):  
Bireshwar Dass Mazumdar ◽  
R. B. Mishra

The Multi agent system (MAS) model has been extensively used in the different tasks of e-commerce like customer relation management (CRM), negotiation and brokering. For the success of CRM, it is important to target the most profitable customers of a company. This paper presents a multi-attribute negotiation approach for negotiation between buyer and seller agents. The communication model and the algorithms for various actions involved in the negotiation process is described. The paper also proposes a multi-attribute based utility model, based on price, response-time, and quality. In support of this approach, a prototype system providing negotiation between buyer agents and seller agents is presented.


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