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    ARTICLE

    A Negotiated Pricing Model for Innovation Services Based on the Multiobjective Genetic Algorithm

    Yan Zhou1,*, Yue Li1, Yunxing Zhang2

    Intelligent Automation & Soft Computing, Vol.27, No.1, pp. 191-203, 2021, DOI:10.32604/iasc.2021.014142

    Abstract Service pricing is a bottleneck in the development of innovation services, as it is the issue of most concern to the suppliers and demanders. In this paper, a negotiated pricing model that is based on the multiobjective genetic algorithm is developed for innovation services. Regarding the process of service pricing as a multiobjective problem, the objective functions which include the service price, service efficiency, and service quality for the suppliers and the demanders are constructed. Because the solution of a multiobjective problem is typically a series of alternatives, an additional negotiation process is necessary in determining the final decision. A… More >

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