Title :
Aggressive pricing to exploit market niches in supply chains
Author :
Saha, Sabyasachi ; Sen, Sandip
Author_Institution :
Dept. of Comput. Sci., Tulsa Univ., Tulsa, OK, USA
Abstract :
E-markets´ growing popularity has given business-to-business trading an unprecedented boost. In supply chains connecting enterprises that trade services and goods, an organization´s success depends on its ability to maintain stable and profitable relationships with other supply chain participants. We evaluate how predictive scheduling strategies and aggressive pricing schemes can help suppliers exploit market niches in B2B supply chains. Robust, opportunistic scheduling strategies can significantly improve suppliers´ competitiveness by identifying market opportunities and strategically positioning and pricing available resources to exploit them.
Keywords :
electronic commerce; electronic trading; intelligent manufacturing systems; multi-agent systems; pricing; production control; supply chain management; business-to-business trading; electronic-market; market opportunity; pricing; scheduling strategy; supply chain; Contracts; Dynamic scheduling; Job shop scheduling; Joining processes; Manufacturing; Market opportunities; Pricing; Profitability; Supply chain management; Supply chains; market niche; pricing and scheduling strategies; software agents; supply chain management; wealth maximization;
Journal_Title :
Intelligent Systems, IEEE