Sciweavers

Share
CI
2005

Strategic Interactions in a Supply Chain Game

11 years 11 months ago
Strategic Interactions in a Supply Chain Game
The TAC 2003 supply-chain game presented automated trading agents with a challenging strategic problem. Embedded within a high-dimensional stochastic environment was a pivotal strategic decision about initial procurement of components. Early evidence suggested that the entrant field was headed toward a selfdestructive, mutually unprofitable equilibrium. Our agent, Deep Maize, introduced a preemptive strategy designed to neutralize aggressive procurement, perturbing the field to a more profitable equilibrium. It worked. Not only did preemption improve Deep Maize's profitability, it improved profitability for the whole field. Whereas it is perhaps counterintuitive that action designed to prevent others from achieving their goals actually helps them, strategic analysis employing an empirical game-theoretic methodology verifies and provides insight about this outcome.
Michael P. Wellman, Joshua Estelle, Satinder P. Si
Added 15 Dec 2010
Updated 15 Dec 2010
Type Journal
Year 2005
Where CI
Authors Michael P. Wellman, Joshua Estelle, Satinder P. Singh, Yevgeniy Vorobeychik, Christopher Kiekintveld, Vishal Soni
Comments (0)
books