CHAINME: fast decentralized finding of better supply chains

  • Authors:
  • Toni Penya-Alba;Jesus Cerquides;Juan A. Rodriguez-Aguilar;Meritxell Vinyals

  • Affiliations:
  • IIIA-CSIC, Bellaterra, Spain;IIIA-CSIC, Bellaterra, Spain;IIIA-CSIC, Bellaterra, Spain;University of Southampton, Southampton, United Kingdom

  • Venue:
  • Proceedings of the 2013 international conference on Autonomous agents and multi-agent systems
  • Year:
  • 2013

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Abstract

Supply Chain Formation is the process of determining the participants in a supply chain, who will exchange what with whom, and the terms of the exchanges. Decentralized supply chain formation appears as a highly intricate task because agents only possess local information, have limited knowledge about the capabilities of other agents, and prefer to preserve privacy. State-of-the-art decentralized supply chain formation approaches can either: (i) find supply chains of high value at the expense of high resources usage; or (ii) find supply chains of low value with low resources usage. This work presents CHAINME, a novel decentralized supply chain formation algorithm. Our results show that CHAINME finds supply chains with higher value than state-of-the-art decentralized algorithms whilst decreasing the amount of resources required from one up to four orders of magnitude.