Information distortion in a supply chain: the bullwhip effect
Management Science - Special issue on frontier research in manufacturing and logistics
Reducing the Bullwhip Effect by Means of Intelligent, Soft Computing Methods
HICSS '01 Proceedings of the 34th Annual Hawaii International Conference on System Sciences ( HICSS-34)-Volume 3 - Volume 3
The Value of Information Sharing in a Two-Level Supply Chain
Management Science
Multi-Agent Simulation of Collaborative Strategies in a Supply Chain
AAMAS '04 Proceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 1
Dynamic Pricing for Time-Limited Goods in a Supplier-Driven Electronic Marketplace
Electronic Commerce Research
Dynamic Pricing and the Direct-to-Customer Model in the Automotive Industry
Electronic Commerce Research
Creating Value with Interactive Pricing Mechanisms " A Web Service-Oriented Architecture
CEC '05 Proceedings of the Seventh IEEE International Conference on E-Commerce Technology
Microeconomics
Reverse Pricing in Supply Chains: An Assessment of Sourcing Strategies
CECANDEEE '08 Proceedings of the 2008 10th IEEE Conference on E-Commerce Technology and the Fifth IEEE Conference on Enterprise Computing, E-Commerce and E-Services
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Nowadays, reverse pricing as a special form of dynamic pricing has become an increasing concern in e-commerce. Reverse pricing gives potential customers an active role: The price of a transaction is not given by the supplier, but is mainly determined by the buyer's bid. This paper emphasizes the development of current reverse pricing models to price elasticities. The reason is that price elasticities, such as price elasticity of demand and supply, measure how much the quantity of demand or supply changes when its price changes. Therefore, I have investigated supply chains from a pricing perspective which yields a rich theory on coordination mechanisms for demand and supply. I have designed a new automated coordination mechanism aimed at reducing order and inventory variances. I have evaluated my proposal by conducting a simulation study using a multi-agent-based simulation system, and show that the novel approach results in a significant reduction of the order and inventory variances (so-called bullwhip effect).