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Value delivery in convergent supply network with mediating auctioneers

dc.contributor.authorOpadiji, Jayeola
dc.contributor.authorKaihara, Toshiya
dc.description.abstractValue 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.en_US
dc.publisherSociety of Instrument and Control Engineers, Japan.en_US
dc.subjectValue Deliveryen_US
dc.subjectSupply Networken_US
dc.titleValue delivery in convergent supply network with mediating auctioneersen_US

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