A bidding environment is considered, where the plans for composite products
are represented in SHOP. The model takes into account the quality required
by the customer, the remaining auction time, a measure of the environment
and the number of remaining plans. The bidding agent model includes internal
parameters for quality, remaining time, and remaining plans. The estimation
of the current valuation uses the polynomial function. An experimental model
has been developed by extending the TAC (Trading Agent Competition) framework
accordingly.
Keywords: Bidding Agents, Multiple Auctions, Simultaneous Auctions