Improving E-Trade Auction Volume by Consortium

Improving E-Trade Auction Volume by Consortium

Sungchul Hong (Towson University, USA)
DOI: 10.4018/978-1-60566-144-5.ch005
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Abstract

In this chapter, we present a two-tier supply chain composed of multiple buyers and multiple suppliers. We have studied the mechanism to match trading parameter, specifically volume in this study, between buyers and suppliers. The chapter discusses the architecture of the agent and the agent community when there is cooperative matching of volume. We present a Dynamic Programming algorithm to describe the agent’s decision process and heuristic algorithms as the practical solution methodology. The results of extensive experiments show the improvement achieved by the cooperation.

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