Identifying and Predicting Economic Regimes in Supply Chains Using Sales and Procurement Information

Frederik Hogenboom, Wolf Ketter, Jan van Dalen, U Kaymak, J Collins, A Gupta

Research output: Chapter/Conference proceedingConference proceedingAcademicpeer-review

1 Citation (Scopus)

Abstract

{We investigate the effects of adding procurement information (component offer prices) to a sales-based economic regime model, which is used for strategic, tactical, and operational decision making in dynamic supply chains. The performance of the regime model is evaluated through experiments with the MinneTAC trading agent, which competes in the TAC SCM game. We find that the new regime model has a similar overall predictive performance as the existing model. Regime switches are predicted more accurately, whereas the prediction accuracy of dominant regimes is slightly worse. However, by adding procurement information, we have enriched the model and we have further opportunities for applications in the procurement market, such as procurement reserve pricing.}
Original languageEnglish
Title of host publicationProceedings of the Eleventh International Conference on Electronic Commerce (ICEC 2009)
Place of PublicationTaipei, Taiwan
Pages19-28
Number of pages10
DOIs
Publication statusPublished - 12 Aug 2009

Bibliographical note

FHogenboom09ICEC

Research programs

  • EUR ESE 32
  • RSM LIS

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