Strategies and heuristics used by the UMBCTAC agent in the third Trading Agent Competition

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dc.contributor.authorDing, Li
dc.contributor.authorFinin, Tim
dc.contributor.authorShi, Youyong
dc.contributor.authorDing, Zhongli
dc.contributor.authorPan, Rong
dc.date.accessioned2018-12-13T19:42:39Z
dc.date.available2018-12-13T19:42:39Z
dc.date.issued2003-08-13
dc.descriptionWorkshop on Trading Agent Design and Analysis, held in conjunction with the Eighteenth International Joint Conference on Artificial Intelligenceen_US
dc.description.abstractThe UMBCTAC agent was one of the top ranked agents in the third international Trading Agent Com-petition (TAC'02). This paper describes and evalu-ates the key heuristics used by UMBCTAC, includ-ing the early bird heuristic, the balance heuristic, and the separation heuristic. We developed a simple gain-risk model to search safe and profitable allocations for hotel rooms and airline tickets. We also used a novel probabilistic approach to dynamically allocate entertainment tickets and bid in entertainment auc-tions. We conclude with a description of ongoing and planned work.en_US
dc.description.sponsorshipThis work was partially supported by DARPA contract F30602-97-1-0215 and Fujitsu Labs of America.en_US
dc.description.urihttps://ebiquity.umbc.edu/paper/html/id/139/Strategies-and-heuristics-used-by-the-UMBCTAC-agent-in-the-third-Trading-Agent-Competitionen_US
dc.format.extent7 pagesen_US
dc.genreconference papers and proceedings preprintsen_US
dc.identifierdoi:10.13016/M2FJ29H5T
dc.identifier.urihttp://hdl.handle.net/11603/12260
dc.language.isoen_USen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Computer Science and Electrical Engineering Department Collection
dc.relation.ispartofUMBC Student Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
dc.subjectstrategiesen_US
dc.subjectagenten_US
dc.subjectauctionen_US
dc.subjectecommerceen_US
dc.titleStrategies and heuristics used by the UMBCTAC agent in the third Trading Agent Competitionen_US
dc.typeTexten_US

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