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An autonomous agent application for product pricing

Spanoudakis Nikolaos I., Moraitis Pavlos

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URI: http://purl.tuc.gr/dl/dias/E3317580-A8A7-476A-ACDB-1A6C78649C4E
Year 2008
Type of Item Conference Full Paper
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Bibliographic Citation N. Spanoudakis and P. Moraitis, "An Autonomous Agent Application for Product Pricing", in Proceedings of the 6th European Workshop on Multi-Agent Systems (EUMAS'08), 18-19 December 2008.
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Summary

This paper describes an argumentation-based approach forautomating the decision making process of an autonomous agent for pricingproducts. Product pricing usually involves different decision makers withdifferent - possibly conflicting - points of view. Moreover, when consideringfirms in the retail business sector, they have hundreds or thousands of productsto apply a pricing policy. Our approach allows for applying a price policy toeach one of them by taking into account different points of view expressedthrough different arguments and the dynamic environment of the application.This is done because argumentation is a reasoning mechanism based on theconstruction and the evaluation of interacting conflicting arguments.

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