Pricing and Resource Allocation for Intelligent Trading Agents using Economic Regimes

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

Pricing and Resource Allocation for Intelligent Trading Agents using Economic Regimes

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

External organisation

Research output: Chapter/Conference proceeding › Conference proceeding › Academic › peer-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 language	Undefined/Unknown
Title of host publication	ISIS07
Place of Publication	Hyderabad, India
Publication status	Published - 2007
Externally published	Yes

Bibliographical note

Ketter07ISIS

Research programs

RSM LIS

Cite this

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title = "Pricing and Resource Allocation for Intelligent Trading Agents using Economic Regimes",

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.",

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year = "2007",

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TY - GEN

T1 - Pricing and Resource Allocation for Intelligent Trading Agents using Economic Regimes

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AU - Collins, John

AU - Gini, Maria

AU - Gupta, A

AU - Schrater, Paul

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PY - 2007

Y1 - 2007

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AB - 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.

M3 - Conference proceeding

BT - ISIS07

CY - Hyderabad, India

ER -