6533b81ffe1ef96bd1278841

RESEARCH PRODUCT

Distributed consensus protocols for coordinating buyers

Dario BausoRaffaele PesentiLaura Giarre

subject

EngineeringConsensusbusiness.industryOrder (business)If and only ifDistributed computingDecision-makingbusinessDecision makerProtocol (object-oriented programming)

description

In this paper, we introduce a distributed consensus protocol for coordinating orders of a network of buyers also called agents/decision makers. Each buyer chooses a different threshold strategy, defining its intention to place an order only if at least other l buyers will do the same. We prove that consensus is reached asymptotically globally and coordination is the same that if the decision making process would be centralized, namely, any decision maker (DM) has access to the thresholds of all other DMs and chooses to order or not. The proposed distributed protocol has the advantage that buyers do not have to communicate their threshold strategy in advance, and consensus is reached without exploring all the possible threshold values.

yearjournalcountryeditionlanguage
2003-01-0142nd IEEE International Conference on Decision and Control (IEEE Cat. No.03CH37475)
https://doi.org/10.1109/cdc.2003.1272627