Application of economic order value for creation of time-defined transactions in web-based open sourcing system

Authors:
Paulina Golinska;Grzegorz Klimarczyk;Zygmunt Kopacz;Michał Masadynski
Affiliations:
Poznan University of Technology, Faculty of Computing and Management, Poznan, Poland;Poznan University of Technology, Faculty of Computing and Management, Poznan, Poland;Poznan University of Technology, Faculty of Computing and Management, Poznan, Poland;Poznan University of Technology, Faculty of Computing and Management, Poznan, Poland
Venue:
KES-AMSTA'10 Proceedings of the 4th KES international conference on Agent and multi-agent systems: technologies and applications, Part II
Year:
2010

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Abstract

Companies search for possibilities to lower their materials supply costs. E-sourcing provides new techniques that focus primarily on the quality and price of materials and enables the possibility to reach a bigger number of potential suppliers. In this paper authors present the concept of Economic Order Value and its application in e-sourcing strategy. The detailed procedure for creation of optimal time-defined transactions is described. The advantages and disadvantages of elaborated solution are discussed.