Journal
TRANSPORTATION SCIENCE
Volume 45, Issue 2, Pages 258-270Publisher
INFORMS
DOI: 10.1287/trsc.1100.0344
Keywords
agent negotiation; open railway markets; schedule coordination problem
Categories
Funding
- Research Grant Council of Hong Kong [PolyU 5174/06E]
- Hong Kong Polytechnic University
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In open railway markets, coordinating train schedules at an interchange station requires negotiation between two independent train-operating companies to resolve their operational conflicts. This paper models the stakeholders as software agents and proposes an agent negotiation model to study their interaction. Three negotiation strategies have been devised to represent the possible objectives of the stakeholders, and they determine the behavior of the stakeholders in proposing offers to other stakeholders. Empirical simulation results confirm that the use of the proposed negotiation strategies lead to outcomes that are consistent with the objectives of the stakeholders.
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