CMieux: adaptive strategies for competitive supply chain trading

Supply chains are a central element of today’s global economy. Existing management practices consist primarily of static interactions between established partners. Global competition, shorter product life cycles and the emergence of Internet-mediated business solutions create an incentive for exploring more dynamic supply chain practices. The Supply Chain Trading Agent Competition (TAC SCM) was designed to explore approaches to dynamic supply chain trading. TAC SCM pits against one another trading agents developed by teams from around the world. Each agent is responsible for running the procurement, planning and bidding operations of a PC assembly company, while competing with others for both customer orders and supplies under varying market conditions. This paper presents Carnegie Mellon University’s 2005 TAC SCM entry, the CMieux supply chain trading agent. CMieux implements a novel approach to coordinating supply chain bidding, procurement and planning, with an emphasis on the ...

• Type: Conference
• Year: 2006
• Where: ACMICEC
• Authors: Michael Benisch, Alberto Sardinha, James Andrews, Norman M. Sadeh
• Keywords: ACMICEC 2006, ECommerce, Supply Chain, Supply Chain Trading, TAC SCM