Title :
Fuzzy agents bargaining at a farmer´s market
Author_Institution :
Dept. of Electr. Eng., Univ. of Southern California, Los Angeles, CA, USA
Abstract :
Computational models of the bargaining process at a farmers´ market require modeling subjective preferences of the buyers and sellers and their subjective assessments of the produce. The proposed fuzzy agents based model employs a number of fuzzy inference systems modeled as Standard Additive Models that perform the subjective decision making for the agents. Survey results of different vendors and customers at different farmers´ markets provide the rule base coded in these fuzzy expert systems. The results show a steady convergence to a bargain weighted towards the greedier of the two players. Repeated simulations with the proposed model of varying buyers, sellers and the produce indicate that fuzzy agents can model bargaining at a farmers´ market.
Keywords :
decision making; expert systems; fuzzy systems; game theory; inference mechanisms; marketing; bargaining process; decision making; farmers market; fuzzy agents based model; fuzzy expert systems; fuzzy inference systems; rule base code; standard additive models; Computational modeling; Convergence; Costs; Decision making; Fuzzy systems; Hybrid intelligent systems; Nash equilibrium; Pricing; Production; Uncertainty;
Conference_Titel :
Fuzzy Information Processing Society, 2003. NAFIPS 2003. 22nd International Conference of the North American
Print_ISBN :
0-7803-7918-7
DOI :
10.1109/NAFIPS.2003.1226827