Model

We used a fixed number of pricebots which used the aforementioned pricebot algorithms. Generally, there are r number of rounds per generation, and their are g generations. During each round prices are updated, see Section 2.1, and profits calculated for all of the pricebots, see Section 2.2. After each generation, the population is evolved according to the mechanism given in section 2.3. In short what is happening is,

for (g generations)
{
for (r rounds)
{
//
// update price
// receive profits
//
}
//
// evolve population
//
}