Auction-theoretic coordination of production planning in the supply chain
作者:
KADIR ERTOGRAL,
S. DAVID WU,
期刊:
IIE Transactions
(Taylor Available online 2000)
卷期:
Volume 32,
issue 10
页码: 931-940
ISSN:0740-817X
年代: 2000
DOI:10.1080/07408170008967451
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Most planning and optimization methods in manufacturing logistics assume centralized or hierarchical decision-making using monolithic models. Motivated by the increasing needs to coordinate diverse decision processes and systems, we investigate an auction-theoretic mechanism for production coordination in a supply chain. Our effort focuses on structural mappings between mathematical decomposition and iterative auction mechanisms wherein agents compete based on their local utilities, announced conflict pricing, and production targets. Building upon the rich literature in optimization and auction-theoretic analysis, we investigate the advantages and limitations of this distributed decision scheme on a large set problem in supply chain production planning. Experimental results show that the proposed auction mechanism provides impressive improvement over the traditional monolithic method without significant degradation to the solution quality.
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