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News Releases - July 17, 2008 Carnegie Mellon Team Wins Trading Agent Competition’s Procurement Challenge at AAAI 2008
The challenge is part of the Trading Agent Competition, an annual event supported by SAP and CapGemini that promotes high quality research into trading agent technologies and features several trading scenarios. A Supply Chain Trading scenario was introduced in 2003 and has attracted a total of nearly 150 entries from 60 different teams. Since 2007, the Supply Chain Trading competition has included the Procurement Challenge, which requires trading agents to manage procurement risk through the negotiation of long-term and one-off procurement contracts for computer components. Agents compete against one another in multiple component markets where component prices and availability fluctuate over a period of 100 days, with each day being simulated in 10 seconds. “With product life cycles becoming shorter and supply and demand conditions creating market fluctuations that are increasingly difficult to predict, the supply chain trading competition addresses scenarios that are particularly critical in today’s global economy,” Sadeh said. The CMieux team consisted of Perry Chu, a sophomore in the Computer Science Department and Lowell Labaro, a master’s student in the Information Networking Institute. The CMieux team also finished 3rd in the Supply Chain Trading competition baseline game behind the University of Michigan and the University of Texas at Austin. For more information The Procurement Challenge: CMieux supply chain trading agent: Contact: Anne Watzman Byron Spice See the Archive for more News Releases. This is a printer friendly page. |
