Insurance services in multi-agent systems

Lam, Yuk-Hei, Zhang, Zili and Ong, Kok-Leong 2005, Insurance services in multi-agent systems, Lecture notes in computer science, vol. 3809, pp. 664-673.

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Title Insurance services in multi-agent systems
Author(s) Lam, Yuk-Hei
Zhang, Zili
Ong, Kok-Leong
Journal name Lecture notes in computer science
Volume number 3809
Start page 664
End page 673
Publisher Springer Berlin
Place of publication Berlin, Germany
Publication date 2005
ISSN 0302-9743
1611-3349
Summary In a multi-agent environment, there is often the need for an agent to cooperate with others so as to ensure that a given task is achieved timely and cost-effectively. Present agent systems currently maximizes this through mechanisms such as trust and risk assessments. In this paper, we extend this mechanism by introducing the concept of insurance, in which the insurance agents act as a bridge between agents who require resources from others. Unlike traditional systems, agents purchase insurance so as to guarantee to have the requested resources during the task execution time and thus minimize the risk in task failure. The novelty of this proposal is that it ensures agents continuously to exchange resources and to seek maximum expected utility in a dynamic environment at the same time. Our experimental results confirm the feasibility of our approach.

Notes SpringerLink Date Sunday, November 27, 2005
Language eng
Field of Research 080199 Artificial Intelligence and Image Processing not elsewhere classified
Socio Economic Objective 970108 Expanding Knowledge in the Information and Computing Sciences
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©Springer
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003096

Document type: Journal Article
Collection: School of Information Technology
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