Bidding for Customer Orders in TAC SCM

10 years 9 months ago
Bidding for Customer Orders in TAC SCM
Abstract. Supply chains are a current, challenging problem for agentbased electronic commerce. Motivated by the Trading Agent Competition Supply Chain Management (TAC SCM) scenario, we consider an individual supply chain agent as having three major subtasks: acquiring supplies, selling products, and managing its local manufacturing process. In this paper, we focus on the sales subtask. In particular, we consider the problem of finding the set of bids to customers in simultaneous reverse auctions that maximizes the agent’s expected profit. The key technical challenges we address are i) predicting the probability that a customer will accept a particular bid price, and ii) searching for the most profitable set of bids. We first compare several machine learning approaches to estimating the probability of bid acceptance. We then present a heuristic approach to searching for the optimal set of bids. Finally, we perform experiments in which we apply our learning method and bidding metho...
David Pardoe, Peter Stone
Added 30 Jun 2010
Updated 30 Jun 2010
Type Conference
Year 2004
Where AMEC
Authors David Pardoe, Peter Stone
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