An analysis of supply chain coordination in a multi-agent market
type: Item
instance of: scholarly article
title: An analysis of supply chain coordination in a multi-agent market
zbMATH Open document ID: 1177.91022
DOI: 10.1504/IJOR.2009.027154
author: J. Blot
published in: International Journal of Operational Research
publication date: 2009-11-25T00:00:00Z
review text: Summary: This paper uses a coalitional game to model the market-based matching resulting from the negotiation mechanism of supply chain contracting in a completely informed multi-agent market that satisfies the condition of individual rationality (IR). Hence the most inefficient and the ex post efficient allocation patterns of market-based matching are identified. Further the Pareto efficient market-based matching that extracts the maximum overall market efficiency is found to be coincidental with the core of the game that exists. Identifying the distinction between the notions of ex post efficiency and Pareto efficiency in this setting, the dynamics of Pareto improvements of allocation patterns is analysed.
Mathematics Subject Classification ID: 91A12
Mathematics Subject Classification ID: 91A80
Mathematics Subject Classification ID: 90B30
zbMATH DE Number: 5638396
zbMATH Keywords: multi-agent markets
zbMATH Keywords: ex post efficiency
zbMATH Keywords: Nash equilibrium
zbMATH Keywords: supply chain intermediaries
zbMATH Keywords: individual rationality
zbMATH Keywords: supply chain contracting
zbMATH Keywords: Pareto efficiency
zbMATH Keywords: coalitional game
zbMATH Keywords: supply chain coordination
zbMATH Keywords: supply chain management
zbMATH Keywords: SCM
zbMATH Keywords: modelling
zbMATH Keywords: negotiation mechanisms
MaRDI profile type: Publication
full work available at URL: ijor.2009.027154
OpenAlex ID: W1992713793
description: scientific article; zbMATH DE number 5638396