Identifying and predicting economic regimes in supply chains using sales and procurement information

Frederik Hogenboom, Wolfgang Ketter, Jan Van Dalen, Uzay Kaymak, John Collins, Alok Gupta

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

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.

Original languageEnglish (US)
Title of host publicationProceedings of the 11th International Conference on Electronic Commerce, ICEC 2009
Pages19-28
Number of pages10
DOIs
StatePublished - Nov 30 2009
Event11th International Conference on Electronic Commerce, ICEC 2009 - Taipei, Taiwan, Province of China
Duration: Aug 12 2009Aug 15 2009

Other

Other11th International Conference on Electronic Commerce, ICEC 2009
CountryTaiwan, Province of China
CityTaipei
Period8/12/098/15/09

Fingerprint

Supply chains
Sales
Economics
Decision making
Switches
Costs
Experiments

Keywords

  • Economic regimes
  • Machine learning
  • Supply chain management
  • TAC SCM
  • Trading agent

Cite this

Hogenboom, F., Ketter, W., Van Dalen, J., Kaymak, U., Collins, J., & Gupta, A. (2009). Identifying and predicting economic regimes in supply chains using sales and procurement information. In Proceedings of the 11th International Conference on Electronic Commerce, ICEC 2009 (pp. 19-28) https://doi.org/10.1145/1593254.1593258

Identifying and predicting economic regimes in supply chains using sales and procurement information. / Hogenboom, Frederik; Ketter, Wolfgang; Van Dalen, Jan; Kaymak, Uzay; Collins, John; Gupta, Alok.

Proceedings of the 11th International Conference on Electronic Commerce, ICEC 2009. 2009. p. 19-28.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Hogenboom, F, Ketter, W, Van Dalen, J, Kaymak, U, Collins, J & Gupta, A 2009, Identifying and predicting economic regimes in supply chains using sales and procurement information. in Proceedings of the 11th International Conference on Electronic Commerce, ICEC 2009. pp. 19-28, 11th International Conference on Electronic Commerce, ICEC 2009, Taipei, Taiwan, Province of China, 8/12/09. https://doi.org/10.1145/1593254.1593258
Hogenboom F, Ketter W, Van Dalen J, Kaymak U, Collins J, Gupta A. Identifying and predicting economic regimes in supply chains using sales and procurement information. In Proceedings of the 11th International Conference on Electronic Commerce, ICEC 2009. 2009. p. 19-28 https://doi.org/10.1145/1593254.1593258
Hogenboom, Frederik ; Ketter, Wolfgang ; Van Dalen, Jan ; Kaymak, Uzay ; Collins, John ; Gupta, Alok. / Identifying and predicting economic regimes in supply chains using sales and procurement information. Proceedings of the 11th International Conference on Electronic Commerce, ICEC 2009. 2009. pp. 19-28
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