Title :
Analyses about efficiency of reinforcement learning to supply chain ordering management
Author :
Sun, Ruoying ; Zhao, Gang
Author_Institution :
Sch. of Inf. Manage., Beijing Inf. Sci. & Technol. Univ., Beijing, China
Abstract :
The Reinforcement Learning (RL) is an efficient machine learning method for solving problems that an agent has no knowledge about the environment a priori. Improving efficiency of decision-making practices in a supply chain is a major competitive domain in today´s uncertain business environments. The bullwhip effect is an important phenomenon in the supply chain, in which the order variability increases as moving up along the supply chain. This paper proposes a multiagent coordination mechanism utilizing RL method to the supply chain ordering management. Further, the analyses about the efficiency of the method are discussed in detail based on some representative test data. Results show that the RL agent reduces the bullwhip effect efficiently in the stochastic supply chain.
Keywords :
decision making; multi-agent systems; supply chain management; bullwhip effect; business environments; decision-making practices; machine learning method; multiagent coordination mechanism; problem solving; reinforcement learning; stochastic supply chain; supply chain ordering management; Conferences; Learning; NP-hard problem; Sun; Supply chain management; Supply chains; bullwhip; ordering management; reinforcement learning; stochastic; supply chain;
Conference_Titel :
Industrial Informatics (INDIN), 2012 10th IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4673-0312-5
DOI :
10.1109/INDIN.2012.6301163