SweetDeal: Representing Agent Contracts With Exceptions Using XML Rules, Ontologies, And Process Descriptions

Topics:
Negotiations and Contracts
Tags:
Agent,
Strategy,
Semantic Web,
Real Estate,
Ontology,
Management,
Knowledge,
Internet,
Business Operations,
XML
Source:
MIT

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Overview: Sweet Deal is a rule-based approach to representation of business contracts that enables software agents to create, evaluate, negotiate, and execute contracts with substantial automation and modularity. It builds upon the situated courteous logic programs knowledge representation in RuleML, the emerging standard for Semantic Web XML rules. Here, the publisher newly extend the Sweet Deal approach by also incorporating process knowledge descriptions whose ontologies are represented in DAML+OIL (the close predecessor of W3C's OWL, the emerging standard for Semantic Web ontologies), thereby enabling more complex contracts with behavioral provisions, especially for handling exception conditions (e.g., late delivery or non-payment) that might arise during the execution of the contract. This provides a foundation for representing and automating deals about services.

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Format: PDF | Size: 750KB | Date: Jul 2003 | Pages: 78


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