Electronic negotiation and consortium agents in the plastic market for Small and Medium Enterprises (SMEs)

Author/Creator ORCID

Date

2014-02-24

Department

Towson University. Department of Computer and Information Sciences

Program

Citation of Original Publication

Rights

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Subjects

Abstract

With the development of the Internet and technology, the traditional market has become an electronic market, opening new horizons for trading. The Small and Medium Enterprises (SMEs) e-commerce has been growing rapidly and more businesses have used the e-commerce for selling and buying goods or services. For example, the plastic e-marketplaces allow companies to search the product and then contact with other companies electronically. The content of this dissertation is divided into three parts. The first part designs and implements negotiation agents, which allow traders to exchange electronic messages in a multi-agent system. The negotiation agent support the Estimated Reserved Price Range (ERPR) for the buyer in decision-making, based on the buying conditions. The second part covers a consortium agent, which allows SMEs to make purchasing consortiums by applying a Modified Knapsack Problem Algorithm. The consortium agent is implemented to eliminate the broker agent in a multi-agent system. The third part combines both the consortium and the negotiation agents for SMEs. Those three parts are demonstrated by a series of simulations to show the results: 1) the efficiency difference between negotiation and non-negotiation trading, 2) the efficiency difference between the Modified knapsack Algorithm Consortium (MKPAC) and the Exactly Match Consortium (EMC), 3) the efficiency difference between the SME with negotiation and consortium combined and a market which has no negotiation nor consortium.