Abstract
The TAC SCM tournament is moving into its fourth year. In an effort to track agent progress, we present a benchmark market efficiency comparison for the tournament, in addition to prior measures of agent competency through customer bidding. Using these benchmarks we find statistically significant increases in intratournament market efficiency, whereas agents are generally decreasing in manufacturer market power. We find that agent market share and bid efficiency have increased while the variance of average sales prices has been significantly reduced. Additionally, we test for a statistical relationship between agent profits and the bullwhip effect.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Arunachalam, R., Sadeh, N.M.: The supply chain trading agent competition. Electronic Commerce Research and Applications 4, 63–81 (2005)
Arunachalam, R., et al.: The Supply Chain Management Game for the Trading Agent Competition 2004. Technical Report T2004-09, Swedish Institute of Computer Science (2004)
Collins, J., et al.: The Supply Chain Management Game for the 2005 Trading Agent Competition. CMU-ISRI-04-139 (2004)
Wellman, M.P., et al.: Trading Agents Competing: Performance, Progress, and Market Effectiveness. IEEE Intelligent Systems 18(6), 48–53 (2003)
Cotta, C., Troya, J.M.: A Hybrid Genetic Algorithm for the 0-1 Multiple Knapsack Problem. In: Smith, G.D., Steele, N.C., Albrecht, R.F. (eds.) Artificial Neural Nets and Genetic Algorithms 3, pp. 251–255. Springer, New York (1998)
Khuri, S., Bäck, T., Heitkötter, J.: The Zero/One Multiple Knapsack Problem and Genetic Algorithms. In: Deaton, E., et al. (eds.) Proc. of the 1994 ACM Symposium of Applied Computation proceedings, pp. 188–193. ACM Press, New York (1994)
Kiekintveld, C., Vorobeychik, Y., Wellman, M.P.: An Analysis of the 2004 Supply Chain Management Trading Agent Competition. In: La Poutré, H., Sadeh, N.M., Janson, S. (eds.) AMEC 2005 and TADA 2005. LNCS (LNAI), vol. 3937, pp. 99–112. Springer, Heidelberg (2006)
Lee, H.L., Padmanabhan, V., Whang, S.: The Bullwhip Effect in Supply Chains. Sloan Management Review 38(3), 93–102 (1997)
Fransoo, J.C., Wouter, M.J.F.: Measuring the bullwhip effect in the supply chain. Supply Chain Management 5(2), 78–89 (2000)
Wellman, M.P., et al.: Strategic Interactions in a Supply Chain Game. Computational Intelligence 21(1), 1–26 (2005)
Author information
Authors and Affiliations
Editor information
Rights and permissions
Copyright information
© 2007 Springer Berlin Heidelberg
About this paper
Cite this paper
Jordan, P.R., Kiekintveld, C., Miller, J., Wellman, M.P. (2007). Market Efficiency, Sales Competition, and the Bullwhip Effect in the TAC SCM Tournaments. In: Fasli, M., Shehory, O. (eds) Agent-Mediated Electronic Commerce. Automated Negotiation and Strategy Design for Electronic Markets. TADA AMEC 2006 2006. Lecture Notes in Computer Science(), vol 4452. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-72502-2_5
Download citation
DOI: https://doi.org/10.1007/978-3-540-72502-2_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-72501-5
Online ISBN: 978-3-540-72502-2
eBook Packages: Computer ScienceComputer Science (R0)