An Equilibratory Market-Based Approach for Distributed Resource Allocation and Its . . . (1996)
| Venue: | In |
| Citations: | 19 - 2 self |
BibTeX
@INPROCEEDINGS{Kuwabara96anequilibratory,
author = {K. Kuwabara},
title = {An Equilibratory Market-Based Approach for Distributed Resource Allocation and Its . . .},
booktitle = {In},
year = {1996},
pages = {53--73},
publisher = {World Scientific}
}
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Abstract
Resource allocation in a multi-agent system is achieved through associating agents with resources and activities. Agents associated with activities (activity agents) request agents at resources (resource agents) for the resource they require, and resource agents decide whether requests are granted. Agents are given utility functions, and each agent takes actions independently of each other to maximize its utility. Agents may not know the global state of the system, and their actions are determined based on limited information of the system. A key research question in multi-agent resource allocation is whether a multi-agent system as a whole achieves its global objective, when agents make independent decisions to maximize their own utilities based on limited information of the system. In order to investigate this question, we introduce a market model to multi-agent resource allocation. In our market model, resources are allocated to activities through buying and selling of resou...
