Distributed fuzzy logic price negotiation in market based multi-agent control

B Thibodeau, Q Ren, L Bai, S Biswas… - … on Resilient Control …, 2013 - ieeexplore.ieee.org
B Thibodeau, Q Ren, L Bai, S Biswas, F Ferrese, Q Dong
2013 6th International Symposium on Resilient Control Systems (ISRCS), 2013ieeexplore.ieee.org
Market-based models in Multi-Agent systems that use fuzzy logic are not new ideas, but
most solutions focus on learning and optimization without regards to the resilience of the
system. In this paper we present two agent fuzzy inference systems that enable producer
and consumer agents in the market to negotiate on the price of the desired resource until a
unique allocation is achieved. By constraining consumers to a budget and providing
redundant producers capable of meeting market demand under stress conditions, fuzzy …
Market-based models in Multi-Agent systems that use fuzzy logic are not new ideas, but most solutions focus on learning and optimization without regards to the resilience of the system. In this paper we present two agent fuzzy inference systems that enable producer and consumer agents in the market to negotiate on the price of the desired resource until a unique allocation is achieved. By constraining consumers to a budget and providing redundant producers capable of meeting market demand under stress conditions, fuzzy price negotiation allows consumer agents to reason alternative solutions should a producing agent fail in the market.
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