This project resulted in an agent-based simulation that was used to measure the effectiveness of automated bargaining strategies. The simulation was implemented in Java using the Ascape simulation tool. Ascape handled the more technical aspects of simulation implementation allowing the project members to focus on the intricacies of the market structure and bargaining strategies. By testing five buying strategies and two selling strategies it was found that the simulation model could serve as a tool for experimenting with different types of strategies.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Baduini, John David
• Hunt, Dorian Jackson

Publisher

• Worcester Polytechnic Institute

Identifier

• 01B021M

Advisor

• Becker, Lee A.

Year

• 2001

Date created

• 2001-01-01

Resource type

• Major Qualifying Project

Major

• Computer Science

Rights statement

• In Copyright