Vidal's libraryTitle: | Solving Combinatorial Auctions Using Stochastic Local Search |
Author: | Holger H. Hoos and Craig Boutilier |
Book Tittle: | Proceedings of the Seventeenth National Conference on Artificial Intelligence and Twelfth Conference on Innovative Applications of Artificial Intelligence |
Pages: | 22--29 |
Publisher: | AAAI Press / The MIT Press |
Year: | 2000 |
Abstract: | Combinatorial auctions (CAs) have emerged as an important model in economics and show promise as a useful tool for tackling resource allocation in AI. Unfortunately, winner determination for CAs is NP-hard and recent algorithms have difficulty with problems involving goods and bids beyond the hundreds. We apply a new stochastic local search algorithm, Casanova, to this problem, and demonstrate that it finds high quality (even optimal) solutions much faster than recently proposed methods (up to several orders of magnitude), particularly for large problems. We also propose a logical language for naturally expressing combinatorial bids in which a single logical bid corresponds to a large (often exponential) number of explicit bids. We show that Casanova performs much better than systematic methods on such problems. were placed, with the aim of maximizing revenue. Because bundles generally overlap, this is conceptually a straightforward optimization problem, and is in fact equivalent to weighted set packing. As a result, optimal winner determination for CAs is NP-complete [16]. A number of complete algorithms for winner determination have been proposed, including dynamic programming models [16], and algorithms for dealing with problems with special structure. More recently, two proposals for applying AI-style search techniques have been used with some success for winner determination [7, 17]. In these proposals, |
Cited by 67 - Google Scholar
@InProceedings{hoos00a,
author = {Holger H. Hoos and Craig Boutilier},
title = {Solving Combinatorial Auctions Using Stochastic
Local Search},
googleid = {0GUZgHdTf-MJ:scholar.google.com/},
booktitle = {Proceedings of the Seventeenth National Conference
on Artificial Intelligence and Twelfth Conference on
Innovative Applications of Artificial Intelligence},
year = 2000,
pages = {22--29},
publisher = {{AAAI} Press / The {MIT} Press},
abstract = {Combinatorial auctions (CAs) have emerged as an
important model in economics and show promise as a
useful tool for tackling resource allocation in
AI. Unfortunately, winner determination for CAs is
NP-hard and recent algorithms have difficulty with
problems involving goods and bids beyond the
hundreds. We apply a new stochastic local search
algorithm, Casanova, to this problem, and
demonstrate that it finds high quality (even
optimal) solutions much faster than recently
proposed methods (up to several orders of
magnitude), particularly for large problems. We also
propose a logical language for naturally expressing
combinatorial bids in which a single logical bid
corresponds to a large (often exponential) number of
explicit bids. We show that Casanova performs much
better than systematic methods on such
problems. were placed, with the aim of maximizing
revenue. Because bundles generally overlap, this is
conceptually a straightforward optimization problem,
and is in fact equivalent to weighted set
packing. As a result, optimal winner determination
for CAs is NP-complete [16]. A number of complete
algorithms for winner determination have been
proposed, including dynamic programming models [16],
and algorithms for dealing with problems with
special structure. More recently, two proposals for
applying AI-style search techniques have been used
with some success for winner determination [7,
17]. In these proposals,},
keywords = {combinatorial auctions},
url = {http://jmvidal.cse.sc.edu/library/hoos00a.pdf},
cluster = {16392912941367256528},
}
Last modified: Wed Mar 9 10:14:58 EST 2011