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Insurance services in multi-agent systems
journal contribution
posted on 2005-01-01, 00:00 authored by Y H Lam, Zili ZhangZili Zhang, Kok-Leong OngIn 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.
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Journal
Lecture notes in computer scienceVolume
3809Pagination
664 - 673Publisher
Springer BerlinLocation
Berlin, GermanyPublisher DOI
ISSN
0302-9743eISSN
1611-3349Language
engNotes
SpringerLink Date Sunday, November 27, 2005Publication classification
C1 Refereed article in a scholarly journalCopyright notice
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