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Composing Supply Chains Through Multiunit Combinatorial Reverse Auctions With Transformability Relationships Among Goods

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3 Author(s)
Andrea Giovannucci ; Artificial Intelligence Research Institute CSIC, Spanish National Research Council , Bellaterra, Spain ; Jesús Cerquides ; Juan A. Rodriguez-Aguilar

In this paper, we introduce a novel auction-based decision support system to help a firm readily assemble supply chains. At this aim, we tackle the problem of deciding whether to outsource some production processes or not-the so-called make-or-buy decision problem. The solution to the make-or-buy decision problem is an optimal supply chain whose operations are either performed in-house or outsourced. We propose to employ a novel extension of combinatorial reverse auctions, the so-called Multiunit Combinatorial Reverse Auction with Transformability Relationships Among Goods, which allows the following: 1) a buyer/auctioneer to express transformability relationships among goods (some goods can be transformed into others at some transformation cost) and 2) bidders to express their preferences over bundles of goods.

Published in:

IEEE Transactions on Systems, Man, and Cybernetics - Part A: Systems and Humans  (Volume:40 ,  Issue: 4 )