Taking inventory changes into account while negotiating in supply chain management

Celal Ozan Berk Yavuz, Çağil Süslü, Reyhan Aydoğan

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

2 Citations (Scopus)
60 Downloads (Pure)

Abstract

In a supply chain environment, supply chain entities need to make joint decisions on the transaction of goods under the issues quantity, delivery time and unit price in order to procure/sell goods at right quantities and time while minimizing the transaction costs. This paper presents our negotiating agent designed for Supply Chain Management League (SCML) in the International Automated Negotiation Agents Competition (ANAC). Basically, the proposed approach relies on determining reservation value by taking the changes in the inventory stock into account. We have tested the performance of our bidding strategy in the competition simulation environment and compared it with the performance of the winner strategies in ANAC SCML 2019. Our experimental results showed that the proposed strategy outperformed the winner strategies in overall.

Original languageEnglish
Title of host publicationICAART 2020 - Proceedings of the 12th International Conference on Agents and Artificial Intelligence
EditorsAna Rocha, Luc Steels, Jaap van den Herik
PublisherSciTePress
Pages94-103
Number of pages10
Volume1
ISBN (Electronic)9789897583957
Publication statusPublished - 2020
Event12th International Conference on Agents and Artificial Intelligence, ICAART 2020 - Valletta, Malta
Duration: 22 Feb 202024 Feb 2020

Publication series

NameICAART 2020 - Proceedings of the 12th International Conference on Agents and Artificial Intelligence
Volume1

Conference

Conference12th International Conference on Agents and Artificial Intelligence, ICAART 2020
CountryMalta
CityValletta
Period22/02/2024/02/20

Keywords

  • Agent-based Negotiation
  • Bidding Strategy
  • Supply Chain Management

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