Third-party mediation based bilateral multi-issue automated negotiation model

QIAO Jian, SUN Niannian, LIU Mengli

Systems Engineering - Theory & Practice ›› 2022, Vol. 42 ›› Issue (5) : 1366-1377.

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Systems Engineering - Theory & Practice ›› 2022, Vol. 42 ›› Issue (5) : 1366-1377. DOI: 10.12011/SETP2020-0944

Third-party mediation based bilateral multi-issue automated negotiation model

  • QIAO Jian, SUN Niannian, LIU Mengli
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Abstract

A genetic algorithm based bilateral multi-issue automated negotiation model with a third-party mediator agent, a L-K type synchronous offer protocol, a fairness-first and efficiency-second evaluation criterion C5, as well as an elite, a preferential and a random offer choice method is proposed. The experimental results show that:The model can be used to obtain a win-win negotiation result under the condition of private information; C5 fully reflects the negotiation principle of fairness-first and efficiency-second, and it is easy to find Nash solution that fully reflects the principle by using this criterion; L and K are the key factors that affect the negotiation result, when L and K are small but valued appropriately, the elite offer choice method is the best offer choice method; Increasing both L and K can improve the negotiation result, and they play a complementary role with each other; When L is large enough, the negotiation results will no longer be affected by other factors, and Nash equilibrium offer will be the unique closed offer.

Key words

automated negotiation model / bilateral multi-issue / third-party mediation / fairness-first and efficiency-second

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QIAO Jian , SUN Niannian , LIU Mengli. Third-party mediation based bilateral multi-issue automated negotiation model. Systems Engineering - Theory & Practice, 2022, 42(5): 1366-1377 https://doi.org/10.12011/SETP2020-0944

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Funding

National Natural Science Foundation of China (71971171); Natural Science Foundation of Shaanxi Province (2018JM7001); Social Science Foundation of Shaanxi Province (13Q107); Seed Foundation of Innovation and Creation for Graduate Students in Northwestern Polytechnical University (CX2020230)
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