A market-based adaptation for resolving competing needs for scarce resources

Rui Wang, Tracy Mullen, Viswanath Avasarala, John Yen

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The dynamic nature of many real-world domains (e.g., military, emergency first response and hurricane relief, etc) requires adaptive resource allocation to respond to changes in the environment that trigger additional resource requirements. Since the total resources are limited, there are often conflicts among various tasks regarding their resource needs. Thus, resources must be reallocated in order to maximize global utility for the current situation. This problem is further complicated when scarce resources are owned by distributed teams, each of which needs to allocate resources among tasks assigned to them, because each team has limited information about the other teams' resources and states. In this paper, we propose a market-based approach that uses an agent-based auction mechanism to enable teams to communicate and coordinate their utility information about possibly competing resource needs. As a result, the teams can collaboratively assess trade-offs among competing needs to allocate resources efficiently.

Original languageEnglish (US)
Title of host publicationProceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06
Pages350-356
Number of pages7
DOIs
StatePublished - Dec 1 2007
Event2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology, IAT'06 - Hong Kong, China
Duration: Dec 18 2006Dec 22 2006

Publication series

NameProceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06

Other

Other2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology, IAT'06
CountryChina
CityHong Kong
Period12/18/0612/22/06

Fingerprint

Hurricanes
Resource allocation

All Science Journal Classification (ASJC) codes

  • Computer Networks and Communications
  • Software

Cite this

Wang, R., Mullen, T., Avasarala, V., & Yen, J. (2007). A market-based adaptation for resolving competing needs for scarce resources. In Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06 (pp. 350-356). [4052942] (Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06). https://doi.org/10.1109/IAT.2006.13
Wang, Rui ; Mullen, Tracy ; Avasarala, Viswanath ; Yen, John. / A market-based adaptation for resolving competing needs for scarce resources. Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06. 2007. pp. 350-356 (Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06).
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Wang, R, Mullen, T, Avasarala, V & Yen, J 2007, A market-based adaptation for resolving competing needs for scarce resources. in Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06., 4052942, Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06, pp. 350-356, 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology, IAT'06, Hong Kong, China, 12/18/06. https://doi.org/10.1109/IAT.2006.13

A market-based adaptation for resolving competing needs for scarce resources. / Wang, Rui; Mullen, Tracy; Avasarala, Viswanath; Yen, John.

Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06. 2007. p. 350-356 4052942 (Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Wang R, Mullen T, Avasarala V, Yen J. A market-based adaptation for resolving competing needs for scarce resources. In Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06. 2007. p. 350-356. 4052942. (Proceedings - 2006 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT 2006 Main Conference Proceedings), IAT'06). https://doi.org/10.1109/IAT.2006.13