Article ID Journal Published Year Pages File Type
1698889 Procedia CIRP 2016 6 Pages PDF
Abstract

This paper presents the optimal order planning and parts inventory allocation method which imitates multiple negotiation among various parties with combinatorial auction. Each company which constitutes the supply chain estimates the satisfaction value of each order. Proposal method decides an order planning to aim maximizing an average of each company's satisfaction value. The method mimics that each company negotiates with others by using combinatorial auction. A numerical example is then discussed to demonstrate its suitability in obtaining an optimal order under multiple negotiations with participating companies.

Related Topics
Physical Sciences and Engineering Engineering Industrial and Manufacturing Engineering