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Author: search.filters.author.Boongasame, LaorSubject: search.filters.subject.Buyer coalition

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    A new coalition formation based on reservation prices and locations of buyers
    (2013-01-01)
    Narabin, Santit
    ;
    Boonjing, Veera
    ;
    Boongasame, Laor
    This paper defines a coalition as a cluster of buyers in dimensional space of reservation price and location. It defines a new buyer utility accounting for discount and traveling costs. A new coalition with nonnegative utility is proposed to maximize a number of successful buyers. This nonnegative utility coalition also assures that a winner does not have to pay more to subsidize others. Simulation results confirm that performance of the new scheme is significantly better than of a random one and is as good as a reservation price based coalition. © 2013 S. Narabin et al.