Title :
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
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;
Conference_Titel :
SICE Annual Conference, 2008
Conference_Location :
Tokyo
Print_ISBN :
978-4-907764-30-2
Electronic_ISBN :
978-4-907764-29-6
DOI :
10.1109/SICE.2008.4655265
