Skip to main content

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 4681))

Included in the following conference series:

  • 1473 Accesses

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).

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Chan, F.T.S., Kumar, N.: Global Supplier Development Considering Risk Factors Using Fuzzy Extended AHP-Based Approach. Omega 35, 417–431 (2007)

    Article  Google Scholar 

  2. Dhananjay, K.G., Shyam, S.: Double Auction Dynamics: Structural Effects of Non-Binding Price Controls. Journal of Economic Dynamics & Control 28, 1707–1731 (2004)

    Article  Google Scholar 

  3. Thomas, K.: Partnerships and Double Auctions with Interdependent Valuations. Games and Economic Behavior 44, 54–76 (2003)

    Article  MATH  Google Scholar 

  4. Baker, A.D: Metaphor Or Reality: A Case Study Where Agents Bid with Actual Costs to Schedule a Factory In Clearwater (1996)

    Google Scholar 

  5. Davis, R., Smith, R.G.: Negotiation as a Metaphor for Distributed Problem Solving. Artificial Intelligence 20, 63–109 (1983)

    Article  Google Scholar 

  6. 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)

    Google Scholar 

  7. Shapiro, C., Varian, H.R.: Information Rules. Harvard Business School Press (1999)

    Google Scholar 

  8. Domenech, B.A., Sunder, S.: Tracking the Invisible Hand-Convergence of Double Auctions to Competitive Equilibrium Tech. rep, Carnegie Mellon University (1999)

    Google Scholar 

  9. Friedman, D., Rust, J.: The Double Auction Market Institutions. Theories and Evidence. Addison-Wesley Publishing Company, Reading (1991)

    Google Scholar 

  10. Rustichini, A., Satterthwaite, M.A., Williams, S.R.: Convergence to Efficiency in a Simple Market with Incomplete Information. Econometrica 62(5), 1041–1063 (1994)

    Article  MATH  Google Scholar 

  11. Satterthwaite, M., Williams, S.: Bilateral Trade with the Sealed Bid K-Double Auction–Existence and Efficiency. Journal of Economic Theory 48, 107–133 (1989)

    Article  MATH  Google Scholar 

  12. 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)

    Google Scholar 

  13. Vickrey, W.: Counter speculation Auctions and Competitive Sealed Tenders. Journal of Finance, 8-37 (1961)

    Google Scholar 

  14. Walsh, W., Wellman, M.: Decentralized Supply Chain Formation–A Market Protocol and Competitive Equilibrium Analysis. Journal of Artificial Intelligence Research 19, 513–567 (2003)

    MATH  Google Scholar 

  15. 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)

    Chapter  Google Scholar 

  16. Wilson, R.: Incentive Efficiency of Double Auctions Econometrica 53, 1101–1115 (1985)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

De-Shuang Huang Laurent Heutte Marco Loog

Rights and permissions

Reprints 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)

Publish with us

Policies and ethics