in Proceeding
| Authors | Tuan Tu, Eberhard Wolff, Winfried Lamersdorf |
| Title | Using Genetic Algorithms to Enable Automated Auctions |
| Published in | Proceedings of the 1st International Conference on Electronic Commerce and Web Technologies (EC-Web 2000) |
| Editor | K. Bauknecht, S. M. Madria, G. Pernul |
| Publisher | Springer |
| Medium | LNCS |
| Date | September 2000 |
| Pages | 389-398 |
| Abstract | In this paper, an approach to implement automated auctions as a negotiation mechanism for Business-to-Business electronic commerce applications is presented. It is based on Genetic Algorithms (GAs) that evolve FSMs (Finite State Machines). Each of these FSMs represents an auction strategy that competes on the market and is modified over time according to the outcome of this competition by using GA principles. The paper gives an overview of auctions, especially in the Business-to-Business domain, and other work related to this paper. Then, the application of Genetic Algorithms to automate auctions is presented and relevant details on the prototype implementation are given. In addition, some key results obtained from experiments using this implementation are discussed. |
| Document |  |
| Other formats | Din 1501 |