Market-based strategic procurement planning in convergent supply networks
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Date
2009
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Publisher
Institute of Systems, Control and Information Engineers, Japan.
Abstract
Convergent manufacturing supply networks facilitate the flow of complementary resources which
make the application of competitive equilibrium algorithms difficult. In this work, we present a
market-based decentralized approach which uses a market-oriented programming algorithm to obtain
Pareto-optimal allocation of resources traded among agents which represent enterprise units in a
supply network. It is assumed that every enterprise have unique preferences for suppliers in the
markets in which they trade. Description of enterprise agents and the interaction protocol used to
generate procurement plans for the enterprise units are presented.
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Keywords
Production Planning, Convergent Supply Networks, Market-oriented Programming