Abstract
Supplier selection negotiation is a challenged, complex, and nondeterministic problem. To solve the problem well, it is necessary to develop an intelligent system for negotiation support in supplier selection process. Reinforcement Learning (RL) is a powerful algorithm which can be used for the price offer in supplier selection negotiation with the aim of maximizing the demander’s profits. In this paper, we formulate the supplier selection as a RL problem. States, actions, and reinforcement function are defined in this problem. In the next step, we compare the proposed RL method with traditional method.
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
Cakravastia, A., Nakamura, N.: Model for negotiating the price and due date for a single order with multiple Suppliers in a make-to order environment. International Journal of Production Research 40, 3425–3440 (2002)
Cakravastia, A., Takahashi, K.: Integrated model for supplier selection and negotiation in a make-to-order environment. International Journal of Production Research 42, 4457–4474 (2004)
Zeng, D., Sycara, K.: Bayesian learning in negotiation. International Journal of Human–Computer Studies 48, 125–141 (1998)
Carbonneau, R., Kersten: Predicting opponent’s moves in electronic negotiations using neural networks. Expert Systems with Applications 34, 1266–1273 (2008)
Rau, H., Tsai, M.H., Chen, C.W.: Learning based automated negotiation between shipper and forwarder. Computers & Industrial Engineering 51, 464–481 (2006)
Wei, S., Zhang, J., Li, Z.: A supplier-selection using a neural network. In: IEEE International Conference on Intelligent Proceeding Systems, pp. 468–471 (1997)
Lee, C.C., Ou-Yang, C.: Neural networks approach for forecasting the supplier’s bid prices in supplier selection negotiation process. Expert Systems with Applications 36, 2961–2970 (2009)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2010 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Derhami, V., Saadatjoo, M.A., Saadatjoo, F. (2010). A Reinforcement Learning Approach for Price Offer in Supplier Selection Process. In: Das, V.V., Vijaykumar, R. (eds) Information and Communication Technologies. ICT 2010. Communications in Computer and Information Science, vol 101. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-15766-0_48
Download citation
DOI: https://doi.org/10.1007/978-3-642-15766-0_48
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-15765-3
Online ISBN: 978-3-642-15766-0
eBook Packages: Computer ScienceComputer Science (R0)