Abstract
The recent rush towards electronic commerce over the Internet raises many challenges, this paper present a simple model of supply chains. First a model of supply chains is discussed, highlighting two characteristic features: hierarchical subtask decomposition, and resource contention. Then a market protocol based on distributed but concurrent auctions is proposed. The protocol allow each of these markets to function separately, while the information exchanged between a sequence of markets along a single supply chain to ensure efficient global behavior across the supply chain. Each market that forms a link in the supply chain operates as a double auction, where the bids on one side of the double auction come from bidders in the corresponding segment of the industry, and the bids on the other side are synthetically generated by the protocol to express the combined information from all other links in the chain.
This research founded by natural science fundation of Bebei Provirince (G2005000085).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Chan, F.T.S., Kumar, N.: Global Supplier Development Considering Risk Factors Using Fuzzy Extended AHP-Based Approach. Omega 35, 417–431 (2007)
Dhananjay, K.G., Shyam, S.: Double Auction Dynamics: Structural Effects of Non-Binding Price Controls. Journal of Economic Dynamics & Control 28, 1707–1731 (2004)
Thomas, K.: Partnerships and Double Auctions with Interdependent Valuations. Games and Economic Behavior 44, 54–76 (2003)
Baker, A.D: Metaphor Or Reality: A Case Study Where Agents Bid with Actual Costs to Schedule a Factory In Clearwater (1996)
Davis, R., Smith, R.G.: Negotiation as a Metaphor for Distributed Problem Solving. Artificial Intelligence 20, 63–109 (1983)
Sandholm, T., Suri, S.: Improved Algorithms for Optimal Winner Determination in Combinatorial Auctions and Generalizations. In: Seventeenth National Conference on Artificial Intelligence, pp. 90–97 (2000)
Shapiro, C., Varian, H.R.: Information Rules. Harvard Business School Press (1999)
Domenech, B.A., Sunder, S.: Tracking the Invisible Hand-Convergence of Double Auctions to Competitive Equilibrium Tech. rep, Carnegie Mellon University (1999)
Friedman, D., Rust, J.: The Double Auction Market Institutions. Theories and Evidence. Addison-Wesley Publishing Company, Reading (1991)
Rustichini, A., Satterthwaite, M.A., Williams, S.R.: Convergence to Efficiency in a Simple Market with Incomplete Information. Econometrica 62(5), 1041–1063 (1994)
Satterthwaite, M., Williams, S.: Bilateral Trade with the Sealed Bid K-Double Auction–Existence and Efficiency. Journal of Economic Theory 48, 107–133 (1989)
Satterthwaite, M.A., Williams, S.R.: The Bayesian Theory of the K-Double Auction. In: The Double Auction Market Institutions Theories and Evidence, pp. 99–124 (1991)
Vickrey, W.: Counter speculation Auctions and Competitive Sealed Tenders. Journal of Finance, 8-37 (1961)
Walsh, W., Wellman, M.: Decentralized Supply Chain Formation–A Market Protocol and Competitive Equilibrium Analysis. Journal of Artificial Intelligence Research 19, 513–567 (2003)
Walsh, W.E., Wellman, M.P., Ygge, F.: Combinatorial Auctions for Supply Chain Formation. In: 2nd ACM Conference on Electronic Commerce, pp. 260–269. ACM Press, New York (2000)
Wilson, R.: Incentive Efficiency of Double Auctions Econometrica 53, 1101–1115 (1985)
Author information
Authors and Affiliations
Editor information
Rights and permissions
Copyright information
© 2007 Springer Berlin Heidelberg
About this paper
Cite this paper
Zhang, J., Chen, L., Zhang, J., Xue, W. (2007). Concurrent Double Auctions Based on Multi-agent Across the Supply Chain. In: Huang, DS., Heutte, L., Loog, M. (eds) Advanced Intelligent Computing Theories and Applications. With Aspects of Theoretical and Methodological Issues. ICIC 2007. Lecture Notes in Computer Science, vol 4681. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74171-8_12
Download citation
DOI: https://doi.org/10.1007/978-3-540-74171-8_12
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-74170-1
Online ISBN: 978-3-540-74171-8
eBook Packages: Computer ScienceComputer Science (R0)