Designing and Evaluating an Adaptive Trading Agent for Supply Chain Management
This paper describes the design and evaluation of SouthamptonSCM, a finalist in the 2004 International Trading Agent Supply Chain Management Competition (TAC SCM). In particular, we focus on the way in which our agent sets its prices according to the prevailing market situation and its own inventory level (because this adaptivity and flexibility are the key components of its success). Specifically, we analyse our pricing model’s performance both in the actual competition and in controlled experiments. Through this evaluation, we show that SouthamptonSCM performs well across a broad range of environments.
KeywordsInventory Level Reference Price Delivery Date Customer Order Bidding Strategy
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- 1.Collins, J., Arunachalam, R., et al.: The supply chain management game for the 2005 trading agent competition. Technical Report CMU-ISRI-04-139, School of Computer Science, Carnegie Mellon University (December 2004)Google Scholar