An Agent-Based Approach for Manufacturing Enterprise Integration and Supply Chain Management
PROLAMAT '98 Proceedings of the Tenth International IFIP WG5.2/WG5.3 Conference on Globalization of Manufacturing in the Digital Communications Era of the 21st Century: Innovation, Agility, and the Virtual Enterprise
Coordinating multiple agents in the supply chain
WET-ICE '96 Proceedings of the 5th International Workshops on Enabling Technologies: Infrastructure for Collaborative Enterprises (WET ICE'96)
Decentralized supply chain formation: a market protocol and competitive equilibrium analysis
Journal of Artificial Intelligence Research
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Supply chains form an integral cornerstone of the daily operations of today's business enterprises. The effectiveness of the processes underlying the supply chain determines the steady flow of raw materials and finished products between marketplace entities. Electronic institutions facilitate free and fair competition between providers and suppliers vying for contracts from customers and manufacturers. We assume that contracts are awarded in such electronic supply chains via competitive auction-based protocols. Robust, opportunistic scheduling strategies can significantly improve suppliers' competitiveness by identifying market niches and strategically positioning available resources to exploit such opportunities. Effective price adjustment mechanisms are required to maximally exploit such lucrative but temporary market opportunities. Here, we evaluate varying degrees of aggressive price adjustment mechanisms used by suppliers to exploit market niches created by anticipatory scheduling strategies. We derive recommendations for choosing the degree of aggressiveness in price adjustment based on recent success in winning contracts.