Market-based control: a paradigm for distributed resource allocation
Market-based control: a paradigm for distributed resource allocation
A computational market model based on individual action
Market-based control
Simulating the Madness of Crowds: Price Bubbles in an Auction-Mediated Robot Market
Computational Economics
A Distributed Multi-agent Model for Value Nets
Proceedings of the 14th International conference on Industrial and engineering applications of artificial intelligence and expert systems: engineering of intelligent systems
The Impact of the Secondary Market on the Supply Chain
Management Science
Decentralized Mechanism Design for Supply Chain Organizations Using an Auction Market
Information Systems Research
E-Business and Management Science: Mutual Impacts (Part 2 of 2)
Management Science
Designing And Managing The Supply Chain
Designing And Managing The Supply Chain
Beer game order policy optimization under changing customer demand
Decision Support Systems
Supply chain information sharing in a macro prediction market
Decision Support Systems
A Market-Based Optimization Algorithm for Distributed Systems
Management Science
Incentive-compatible, budget-balanced, yet highly efficient auctions for supply chain formation
Decision Support Systems - Special issue: The fourth ACM conference on electronic commerce
Formal correctness of supply chain design
Decision Support Systems
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We propose and study a model of supply chains as networks of auctions. Specifically, each company in our model is represented according to the Supply Chain Council's SCOR model, and the company's trading strategy is adapted from a model proposed by Steiglitz and colleagues. Our study of this model, implemented with the JASA auction simulator, shows that price dynamics are more complicated than simply balancing consumption demands, capacities for transformation, and raw material supplies. In addition, we identify three patterns of price dynamics, explain their cause, and propose rules linking initial market conditions with the occurrence of these patterns.