Allocating Resources in Multiagent Flowshops with Adaptive Auctions

• Main Authors: LAU, Hoong Chuin, ZHAO, Zhengyi, Ge, Sam Shuzhi, LEE, Thong Heng
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Auction; decentralized decision making; flow shop; resource allocation; Artificial Intelligence and Robotics; Business; Operations Research, Systems Engineering and Industrial Engineering
• Online Access: https://ink.library.smu.edu.sg/sis_research/1374; https://ink.library.smu.edu.sg/context/sis_research/article/2373/viewcontent/IEEE_TASE_2011___Adaptive_Auctions.pdf
• Institution: Singapore Management University

In this paper, we consider the problem of allocating machine resources among multiple agents, each of which is responsible to solve a flowshop scheduling problem. We present an iterated combinatorial auction mechanism in which bid generation is performed within each agent, while a price adjustment p...