Economic model of TAC SCM game

Dongmo Zhang, Kanghua Zhao

Research output: Chapter in Book / Conference PaperConference Paperpeer-review

5 Citations (Scopus)

Abstract

This paper presents an economic model to the problem of Supply Chain Management in Trading Agent Competition (TAC SCM). The TAC SCM marketplace is characterized by the combination of quantity competition and price competition between manufacturers(agents). We specify the quantity competition by a variation of Cournot model and view the price competition as an extension of Bertrand game. An approach of smooth-regression is introduced to copy with the non-linear fluctuation of product price by using linear price model. The results of the paper provide the solutions to the decision-making problems in TAC SCM trading agent design, including daily production, product pricing and component procuring.

Original languageEnglish
Title of host publicationProceedings - IEEE/WIC/ACM International Conference on Intelligent Agent Systems. IAT 2004
PublisherIEEE Computer Society
Pages273-280
Number of pages8
ISBN (Print)0769521010, 9780769521015
DOIs
Publication statusPublished - 2004
EventProceedings - IEEE/WIC/ACM International Conference on Intelligent Agent Technology. IAT 2004 - Beijing, China
Duration: 20 Sept 200424 Sept 2004

Publication series

NameProceedings - IEEE/WIC/ACM International Conference on Intelligent Agent Technology. IAT 2004

Conference

ConferenceProceedings - IEEE/WIC/ACM International Conference on Intelligent Agent Technology. IAT 2004
Country/TerritoryChina
CityBeijing
Period20/09/0424/09/04

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