From Selfish Auctioning to Incentivized Marketing

November 2014

From Selfish Auctioning to Incentivized Marketing

Authors:

L. Liu, D. A. Shell, and Nathan Michael

Abstract:

Auction and market-based mechanisms are among the most popular methods for distributed task allocation in multi-robot systems. Most of these mechanisms were designed in a heuristic way and analysis of the quality of the resulting assignment solution is rare. This paper presents a new market-based multi-robot task allocation algorithm that produces optimal assignments. Rather than adopting a buyer’s “selfish” bidding perspective as in previous auction/market-based approaches, the proposed method approaches auctioning from a merchant’s point of view, producing a pricing policy that responds to cliques of customers and their preferences. The algorithm uses price escalation to clear a market of all its items, producing a state of equilibrium that satisfies both the merchant and customers. This effectively assigns all robots to their tasks. The proposed method can be used as a general assignment algorithm as it has a time complexity (O(n3lgn)) close to the fastest state-of-the-art algorithms (O(n3)) but is extremely easy to implement. As in previous research, the economic model reflects the distributed nature of markets inherently: in this paper it leads directly to a decentralized method ideally suited for distributed multi-robot systems.
@article{Liu-2014-7953,
author = {L. Liu And D. A. Shell And Nathan Michael},
title = {From Selfish Auctioning to Incentivized Marketing},
journal = {Proceedings of Autonomous Robots},
year = {2014},
month = {November},
volume = {37},
number = {4},
pages = {417 - 430},
}
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