Equilibrium Analysis Based Pricing Mechanism in a MultiAgent Based Supply-Chain System
Document Type
Conference Proceeding
Department or Administrative Unit
Finance and Supply Chain Management
Publication Date
11-2007
Abstract
This paper describes the pricing mechanism adopted by UAM-TAC, a multi-agent based supply-chain system that will compete in TAC SCM (trading agent competition supply chain management) 2007. UAM-TAC consists of a procurement agent, an inventory agent, a production agent, a bidding agent and a delivery agent. The pricing mechanism is based on the equilibrium policy derived from the projected dynamic system, whose trajectory describes the dynamic evolution of product transactions, demand market prices, and shadow prices that the manufactures are willing to pay for the components. The game performance demonstrates that UAM-TAC is very responsive to the market price fluctuations and capacity variability.
Recommended Citation
Ke, K., Jin, Y., & Zhang, H. (2007). Equilibrium analysis based pricing mechanism in a multiagent based supply-chain system. 2007 IEEE/WIC/ACM International Conferences on Web Intelligence and Intelligent Agent Technology Workshops, 463-466. DOI: 10.1109/WI-IATW.2007.120
Journal
Web Intelligence and Intelligent Agent Technology Workshops, 2007 IEEE/WIC/ACM International Conferences on
Rights
Copyright © 2007 IEEE
Comments
This article was originally published in 2007 IEEE/WIC/ACM International Conferences on Web Intelligence and Intelligent Agent Technology - Workshop. The full-text article from the publisher can be found here.
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