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- W3162154681 abstract "Competitive bidding based on price during a direct negotiation between the purchaser and the contractor in the procurement process within the manufacturing industry often causes dumping. Furthermore, orders are channeled on certain contractors, and the productivity of the entire group of companies declines. In this research, a new market mechanism based on automated negotiation is proposed, which selects the contractors such that production volumes of the whole market increase while ensuring the profit margins of each contractor. To be more specific, while the bidders try to get high-profit tasks from the projects on the market, the proposed reverse auction algorithm for the market allocates tasks to bidders in such a way that the production volume of the entire market increases." @default.
- W3162154681 created "2021-05-24" @default.
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- W3162154681 date "2020-09-01" @default.
- W3162154681 modified "2023-09-27" @default.
- W3162154681 title "A market mechanism for autonomous distributed manufacturing systems—Towards the improvement of total productivity and individual profit margins" @default.
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- W3162154681 doi "https://doi.org/10.1109/iiai-aai50415.2020.00086" @default.
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