No Time Limit and Time Limit Model of Multiple Round Dutch Auction Based on Genetic Network Programming | Zendy

Shingo Mabu | Zendy; Donggeng Yu | Zendy; Chuan Yue | Zendy; Kotaro Hirasawa | Zendy

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No Time Limit and Time Limit Model of Multiple Round Dutch Auction Based on Genetic Network Programming

Author(s) -

Shingo Mabu,

Donggeng Yu,

Chuan Yue,

Kotaro Hirasawa

Publication year - 2011

Publication title -

journal of advanced computational intelligence and intelligent informatics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.172

H-Index - 20

eISSN - 1343-0130

pISSN - 1883-8014

DOI - 10.20965/jaciii.2011.p0003

Subject(s) - computer science , auction algorithm , combinatorial auction , genetic algorithm , limit (mathematics) , time limit , mathematical optimization , genetic programming , common value auction , revenue equivalence , dutch auction , auction theory , artificial intelligence , machine learning , microeconomics , economics , mathematics , mathematical analysis , management

Nowadays, Dutch auction is used widely at online auction sites. To make online Dutch auction more efficient and more intelligent, it is useful to develop an agent using evolutionary computation which will be adaptive to different auction environments. In this paper, a Genetic Network Programming (GNP) based strategy for auction agents has been proposed to do auctions in multiple round Dutch Auction environments under two types of auction models, no time limit model and time limit model. GNP is a graph-based evolutionary method extended from Genetic Algorithms (GA) and Genetic Programming (GP), which can create optimal solutions by evolution. Although the application of GNP to English auction has been done already, here, a new GNP structure is used for Dutch auction. The simulation results show that the GNP based strategy can also make the agents work well in Dutch auction and the advanced GNP structure makes the agents perform better than that in English auction.

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