Investigation of Simulated Trading — A multi agent based trading system for optimization purposes

Johannes J. Schneider

Physica A: Statistical Mechanics and its Applications, 2010, vol. 389, issue 14, 2816-2824

Abstract: Some years ago, Bachem, Hochstättler, and Malich proposed a heuristic algorithm called Simulated Trading for the optimization of vehicle routing problems. Computational agents place buy-orders and sell-orders for customers to be handled at a virtual financial market, the prices of the orders depending on the costs of inserting the customer in the tour or for his removal. According to a proposed rule set, the financial market creates a buy-and-sell graph for the various orders in the order book, intending to optimize the overall system. Here I present a thorough investigation for the application of this algorithm to the traveling salesman problem.

Keywords: Simulated Trading; Optimization; Multi agent system; Traveling salesman problem (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:389:y:2010:i:14:p:2816-2824

DOI: 10.1016/j.physa.2010.02.054

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