Taking Inventory Changes into Account While Negotiating in Supply Chain Management

Celal Yavuz, Çağıl Süslü, Reyhan Aydoğan

Abstract

In a supply chain environment, supply chain entities need to make joint decisions on the transaction of goods under the issues quantity, delivery time and unit price in order to procure/sell goods at right quantities and time while minimizing the transaction costs. This paper presents our negotiating agent designed for Supply Chain Management League (SCML) in the International Automated Negotiation Agents Competition (ANAC). Basically, the proposed approach relies on determining reservation value by taking the changes in the inventory stock into account. We have tested the performance of our bidding strategy in the competition simulation environment and compared it with the performance of the winner strategies in ANAC SCML 2019. Our experimental results showed that the proposed strategy outperformed the winner strategies in overall.

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Paper Citation


in Harvard Style

Yavuz C., Süslü Ç. and Aydoğan R. (2020). Taking Inventory Changes into Account While Negotiating in Supply Chain Management.In Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART, ISBN 978-989-758-395-7, pages 94-103. DOI: 10.5220/0008976900940103


in Bibtex Style

@conference{icaart20,
author={Celal Yavuz and Çağıl Süslü and Reyhan Aydoğan},
title={Taking Inventory Changes into Account While Negotiating in Supply Chain Management},
booktitle={Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART,},
year={2020},
pages={94-103},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008976900940103},
isbn={978-989-758-395-7},
}


in EndNote Style

TY - CONF

JO - Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART,
TI - Taking Inventory Changes into Account While Negotiating in Supply Chain Management
SN - 978-989-758-395-7
AU - Yavuz C.
AU - Süslü Ç.
AU - AydoÄŸan R.
PY - 2020
SP - 94
EP - 103
DO - 10.5220/0008976900940103