Identifying and predicting economic regimes in supply chains using sales and procurement information
Authors: 
Frederik Hogenboom, Wolfgang Ketter, Jan van Dalen, Uzay Kaymak, John Collins, Alok GuptaAuthors Info & Claims
Frederik Hogenboom, Wolfgang Ketter, Jan van Dalen, Uzay Kaymak, John Collins, Alok GuptaAuthors Info & ClaimsPages 19 - 28
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.
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Index Terms
- Identifying and predicting economic regimes in supply chains using sales and procurement information
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Published In
August 2009
407 pages
ISBN:9781605585864
DOI:10.1145/1593254
- Conference Chairs:
- Patrick Y. K. Chau,
- Kalle Lyytinen,
- Chih-Ping Wei,
- Program Chairs:
- Christopher C. Yang,
- Fu-Ren Lin
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Sponsors
- School of Business, The University of Hong Kong, Hong Kong
- Sayling Wen Cultural & Educational Foundation
- Ministry of Education, Taiwan
- College of Information Science and Technology, Drexel University, USA
- Weatherhead School of Management, Case Western Reserve University, USA
- College of Technology Management, National Tsing Hua University, Taiwan
- National Science Council, Taiwan
- Chinese Enterprise Resource Planning Society, Taiwan
- International Center for Electronic Commerce, Korea Advanced Institute of Science & Technology, Korea
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Association for Computing Machinery
New York, NY, United States
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Published: 12 August 2009
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