Content area

Abstract

Our approach for automating the negotiation of business contracts proceeds in three broad steps. First, determine the structure of the negotiation process by applying general knowledge about auctions and domain-specific knowledge about the contract subject along with preferences from po- tential buyers and sellers. Second, translate the determined negotiation structure into an operational specication for an auction platform. Third, map the negotiation results to a nal contract. We have implemented a prototype which supports these steps, employing a declarative specication (in Courteous Logic Programs) of (1) high-level knowledge about alternative negotiation structures, (2) general-case rules about auction parameters, (3) rules to map the auction parameters to a specic auction platform, and (4) special- case rules for subject domains. We demonstrate the exi- bility of this approach by automatically generating several alternative negotiation structures for a previous domain: travel-shopping in a trading agent competitio

Details

1009240
Subject
Business indexing term
Title
Automated Negotiation from Declarative Contract Descriptions
Publication title
Source details
Working papers
Publication year
2002
Publication date
2002
Publisher
Federal Reserve Bank of St. Louis
Place of publication
St. Louis
Country of publication
United States
Publication subject
Source type
Working Paper
Language of publication
English
Document type
Working Paper
ProQuest document ID
1698779911
Document URL
https://www.proquest.com/working-papers/automated-negotiation-declarative-contract/docview/1698779911/se-2?accountid=208611
Copyright
Copyright FEDERAL RESERVE BANK OF ST LOUIS 2002
Last updated
2024-12-06
Database
ProQuest One Academic