Publication Type

Conference Proceeding Article

Version

Postprint

Publication Date

12-2008

Abstract

In this paper, we evaluate whether the robustness of a market mechanism that allocates complementary resources could be improved through the aggregation of time periods in which resources are consumed. In particular, we study a multi-round combinatorial auction that is built on a general equilibrium framework. We adopt the general equilibrium framework and the particular combinatorial auction design from the literature, and we investigate the benefits and the limitation of time-period aggregation when demand-side uncertainties are introduced. By using simulation experiments, we show that under stochastic conditions the performance variation of the process decreases as the time frame length (time frames are obtained by aggregating time periods) increases. This is achieved without causing deterioration in the mean performance.

Keywords

market-based approach, uncertainty, robust resource allocation

Discipline

Artificial Intelligence and Robotics | Operations Research, Systems Engineering and Industrial Engineering

Research Areas

Intelligent Systems and Decision Analytics

Publication

WI-IAT '08: Proceedings of the 2008 IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology: 9-12 December, 2008, Sydney

First Page

373

Last Page

379

ISBN

9780769534961

Identifier

10.1109/WIIAT.2008.293

Publisher

IEEE

City or Country

Piscataway, NJ

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org/10.1109/WIIAT.2008.293

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