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An autonomous agent application for product pricing

Spanoudakis Nikolaos I., Moraitis Pavlos

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Year 2008
Type of Item Conference Full Paper
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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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.