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A Groves Mechanism Approach to Decentralized Design of Supply Chains

Garg, D and Narahari, Y and Foster, Earnest and Kulkarni, Devadatta and Tew, Jeffrey D. (2005) A Groves Mechanism Approach to Decentralized Design of Supply Chains. In: Seventh IEEE International Conference on E-Commerce Technology, 2005. CEC 2005, 19-22 July, Munich,Germany, 330 -337.

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Abstract

In this paper, a generic optimization problem arising in supply chain design is modeled in a game theoretic framework and solved as a decentralized problem using a mechanism design approach. We show that the entities in a supply chain network can be naturally modeled as selfish, rational, and intelligent agents interested in maximizing certain payoffs. This enables us to define a supply chain design game and we show that the well known Groves mechanisms can be used to solve the underlying design optimization problem. We illustrate our approach with a representative three stage distribution process of a typical automotive supply chain.

Item Type: Conference Paper
Additional Information: �©1990 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.
Department/Centre: Division of Electrical Sciences > Computer Science & Automation (Formerly, School of Automation)
Date Deposited: 25 Nov 2005
Last Modified: 19 Sep 2010 04:21
URI: http://eprints.iisc.ernet.in/id/eprint/4191

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