Auction Mechanism for Multi-item Multi-attribute Outsourcing in Manufacturing Supply Networks
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چکیده
We consider a multi-attribute outsourcing economy where both price and delivery date are relevant decision factors. In the economy, there is an Original Equipment Manufacturer (OEM) who needs multiple items to be delivered on the predetermined delivery dates and suppliers who are capable of delivering some or all of the items. We first show that there exists a competitive equilibrium in this economy. Then, an iterative auction mechanism is developed. The mechanism terminates at an equilibrium at which a near-efficient assignment is achieved. Finally, we prove the bound for the economy’s inefficiency due to the mechanism.
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