A fuzzy bidding strategy in automated auctions using agent's perspective

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Conference Proceeding
2008 International Conference on Computational Intelligence for Modelling Control and Automation, CIMCA 2008, 2008, pp. 907 - 911
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This paper presents a unique fuzzy attitude based bidding strategy (FA-Bid), which employs overall assessment technique, which is combination of assessment of multiple attributes of the goods and assessment of agent's attitude to procure an item in automated auction. The assessment of attributes adapts the fuzzy sets technique to handle uncertainty of the bidding process as well use heuristic rules to determine attitude of bidding agents in simulated auctions to procure goods. The overall assessment is used to determine a price range based on current bid, which finally selects the best one as the new bid. © 2008 IEEE.
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