TY - GEN
T1 - An analysis of the 2004 supply chain management Trading Agent Competition
AU - Kiekintveld, Christopher
AU - Vorobeychik, Yevgeniy
AU - Wellman, Michael P.
PY - 2006
Y1 - 2006
N2 - We present and analyze results from the 2004 Trading Agent Competition supply chain management scenario. We identify behavioral differences between the agents that contributed to their performance in the competition. In the market for components, strategic early procurement remained an important factor despite rule changes from the previous year. We present a new experimental analysis of the impact of the rule changes on incentives for early procurement. In the finals, a novel strategy designed to block other agent's access to suppliers at the start of the game was pivotal. Some agents did not respond effectively to this strategy and were badly hurt by their inability to get crucial components. Among the top three agents, average selling prices in the market for finished goods were the decisive difference. Our analysis shows that supply and demand were key factors in determining overall market prices, and that some agents were more adept than others at exploiting advantageous market conditions.
AB - We present and analyze results from the 2004 Trading Agent Competition supply chain management scenario. We identify behavioral differences between the agents that contributed to their performance in the competition. In the market for components, strategic early procurement remained an important factor despite rule changes from the previous year. We present a new experimental analysis of the impact of the rule changes on incentives for early procurement. In the finals, a novel strategy designed to block other agent's access to suppliers at the start of the game was pivotal. Some agents did not respond effectively to this strategy and were badly hurt by their inability to get crucial components. Among the top three agents, average selling prices in the market for finished goods were the decisive difference. Our analysis shows that supply and demand were key factors in determining overall market prices, and that some agents were more adept than others at exploiting advantageous market conditions.
UR - https://www.scopus.com/pages/publications/33845199342
U2 - 10.1007/11888727_8
DO - 10.1007/11888727_8
M3 - Conference contribution
AN - SCOPUS:33845199342
SN - 3540462422
SN - 9783540462422
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 99
EP - 112
BT - Agent-Mediated Elect. Commerce. Design. Trading Agents and Mechanisms - AAMAS 2005 Workshop, AMEC 2005, and IJCAI 2005 Workshop, TADA 2005, Selected and Revised Papers
PB - Springer Verlag
T2 - AAMAS 2005 Workshop on Agent-Mediated Electronic Commerce, AMEC 2005 and IJCAI 2005 Workshop on Trading Agent Design and Analysis, TADA 2005
Y2 - 1 August 2005 through 1 August 2005
ER -