Pricing and Resource Allocation for Intelligent Trading Agents using Economic Regimes

Wolf Ketter, John Collins, Maria Gini, A Gupta, Paul Schrater

Research output: Chapter/Conference proceedingConference proceedingAcademicpeer-review

Abstract

We present a semi-parametric model that describes and predicts pricing behaviors in a market environment using a Gaussian mixture model and a Markov process. We show how the model can be used to guide resource allocation and pricing decisions in an autonomous trading agent. We validate our model by presenting results obtained in the Trading Agent Competition for Supply Chain Management.
Original languageUndefined/Unknown
Title of host publicationISIS07
Place of PublicationHyderabad, India
Publication statusPublished - 2007
Externally publishedYes

Bibliographical note

Ketter07ISIS

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