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Combinatorial auctions for supply chain formation (2000)
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| Venue: | In Proc. ACM Conference on Electronic Commerce |
| Citations: | 62 - 2 self |
BibTeX
@INPROCEEDINGS{Walsh00combinatorialauctions,
author = {William E. Walsh and Michael P. Wellman and Fredrik Ygge},
title = {Combinatorial auctions for supply chain formation},
booktitle = {In Proc. ACM Conference on Electronic Commerce},
year = {2000},
pages = {260--269}
}
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Abstract
Supply chain formation presents difficult coordination issues for distributed negotiation protocols. Agents must simultaneously negotiate production relationships at multiple levels, with important interdependencies among inputs and outputs at each level. Combinatorial auctions address this problem by global optimization over expressed offers to engage in compound exchanges. Optimizing with respect to offers results in optimal allocations if the offers reflect true values and costs. But autonomous selfinterested agents have an incentive to bid strategically in an attempt to gain
