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Designing a Successful Trading Agent for Supply Chain Management

Designing a Successful Trading Agent for Supply Chain Management
Designing a Successful Trading Agent for Supply Chain Management
This paper describes the design and evaluation of SouthamptonSCM, the runner-up in the 2005 International Trading Agent Supply Chain Management Competition (TAC SCM). In particular, we focus on the way in which our agent purchases components using a mixed procurement strategy (combining long and short term planning) and how it sets its prices according to the prevailing market situation and its own inventory level (because this adaptivity and flexibility are key to its success). We analyse our buying and selling strategies in the actual competition and in controlled experiments. Through this evaluation, we show that SouthamptonSCM performs well across a broad range of environments.
agent mediated e-commerce, supply chain management
1159-1166
He, Minghua
52ab7c24-9bfd-46cb-9c92-9e8b3d53513f
Rogers, Alex
f9130bc6-da32-474e-9fab-6c6cb8077fdc
Luo, Xudong
7b03aaf4-55d7-4dde-92dc-9b1f4ccbff25
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
He, Minghua
52ab7c24-9bfd-46cb-9c92-9e8b3d53513f
Rogers, Alex
f9130bc6-da32-474e-9fab-6c6cb8077fdc
Luo, Xudong
7b03aaf4-55d7-4dde-92dc-9b1f4ccbff25
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30

He, Minghua, Rogers, Alex, Luo, Xudong and Jennings, N. R. (2006) Designing a Successful Trading Agent for Supply Chain Management. Fifth International Joint Conference on Autonomous Agents and Multiagent Systems (AAMAS-06), Japan. 08 - 12 May 2006. pp. 1159-1166 .

Record type: Conference or Workshop Item (Paper)

Abstract

This paper describes the design and evaluation of SouthamptonSCM, the runner-up in the 2005 International Trading Agent Supply Chain Management Competition (TAC SCM). In particular, we focus on the way in which our agent purchases components using a mixed procurement strategy (combining long and short term planning) and how it sets its prices according to the prevailing market situation and its own inventory level (because this adaptivity and flexibility are key to its success). We analyse our buying and selling strategies in the actual competition and in controlled experiments. Through this evaluation, we show that SouthamptonSCM performs well across a broad range of environments.

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More information

Published date: 2006
Additional Information: Event Dates: 8-12 may 2006
Venue - Dates: Fifth International Joint Conference on Autonomous Agents and Multiagent Systems (AAMAS-06), Japan, 2006-05-08 - 2006-05-12
Keywords: agent mediated e-commerce, supply chain management
Organisations: Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 261967
URI: https://eprints.soton.ac.uk/id/eprint/261967
PURE UUID: a9328c46-2dcd-4ab8-a825-ac4ffe94f6a0

Catalogue record

Date deposited: 14 Feb 2006
Last modified: 02 Dec 2019 21:07

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