Value delivery in convergent supply network with mediating auctioneers

Author

Opadiji, Jayeola F. ; Kaihara, Toshiya

Author_Institution

Grad. Sch. of Sci. & Technol., Kobe Univ., Kobe

fYear

2008

fDate

20-22 Aug. 2008

Firstpage

3483

Lastpage

3486

Abstract

Value delivery is the ultimate objective of every supply network. In this study, we propose a method of mitigating the effects of excessive competition in a convergent manufacturing supply network. Using an auction based protocol; market equilibrium is reached for a resource allocation problem within the network. In order to improve the quality of the solution obtained, a mediation method facilitated by network auctioneers is proposed. This method will allow an auctioneer to redistribute cost in its market in such a way as to improve throughput in that market which ultimately improves the throughput of the supply network.

Keywords

commerce; costing; resource allocation; supply chains; auction based protocol; convergent manufacturing supply network; convergent supply network; cost redistribution; excessive competition; market equilibrium; mediating auctioneers; network auctioneers; resource allocation; value delivery; Costs; Mediation; Protocols; Resource management; Throughput; Virtual enterprises; Virtual manufacturing; Supply network; Value delivery;

fLanguage

English

Publisher

ieee

Conference_Titel

SICE Annual Conference, 2008

Conference_Location

Tokyo

Print_ISBN

978-4-907764-30-2

Electronic_ISBN

978-4-907764-29-6

Type

conf

DOI

10.1109/SICE.2008.4655265

Filename

4655265