Multi-agent based simulation of negotiate pricing process in B2C

Qiuju Yin*, Yankun Li, Kun Zhi

*Corresponding author for this work

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    2 Citations (Scopus)

    Abstract

    Product pricing is an important step during the transaction of E-business. Nowadays, most pricing process researches are just from single aspect of business, which leads to ignore customers' effect on pricing process. In the paper, the negotiating pricing process in the B2C environment between the business and the customers is studied, a pricing model based on MAS is established. Moreover, a simulation of negotiating pricing process using Netlogo is run to test some factors' (including the number of the business, the number of the customers, the purchasing power and the cost) effect to the pricing result and the market efficiency. The result of this paper will provide a support for the E-business market managers to make strategies to improve the market efficiency to some extent.

    Original languageEnglish
    Title of host publicationProceedings - 2010 2nd WRI Global Congress on Intelligent Systems, GCIS 2010
    Pages9-12
    Number of pages4
    DOIs
    Publication statusPublished - 2010
    Event2010 2nd WRI Global Congress on Intelligent Systems, GCIS 2010 - Wuhan, China
    Duration: 16 Dec 201017 Dec 2010

    Publication series

    NameProceedings - 2010 2nd WRI Global Congress on Intelligent Systems, GCIS 2010
    Volume1

    Conference

    Conference2010 2nd WRI Global Congress on Intelligent Systems, GCIS 2010
    Country/TerritoryChina
    CityWuhan
    Period16/12/1017/12/10

    Keywords

    • B2C
    • Multi-agent
    • NetLogo simulation
    • Pricing process

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