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A hybrid multi-agent negotiation protocol supporting supplier selection for multiple products with synergy effect

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  • Chunxia Yu
  • T.N. Wong
  • Zhi Li

Abstract

Supplier selection is an important problem in supply chain management. In practice, it is common for a purchasing company to procure a bundle of products simultaneously. In this regard, synergy effect could exist between products and hence affect the final choice of suppliers. It is therefore necessary to incorporate the synergy effect between products in supplier selection process. Agent-based negotiation models are applied to automate supplier selection process. Negotiation protocol is an essential component should be considered when building an effective agent negotiation model. The objective of this research is to propose a negotiation protocol special for multi-product supplier selection problem. The negotiation protocol is a hybrid multi-agent protocol of combinatorial procurement auction protocol and multi-bilateral bargaining protocol. The negotiation protocol is able to support the purchasing company and suppliers negotiate on the concrete commitments of multiple products simultaneously, and select suppliers for multiple products. In addition, both the purchasing company and suppliers can express their preferences on the synergy effect between products in negotiation process by adopting the negotiation protocol. Simulation is conducted to demonstrate the effectiveness and efficiency of the negotiation protocol.

Suggested Citation

  • Chunxia Yu & T.N. Wong & Zhi Li, 2017. "A hybrid multi-agent negotiation protocol supporting supplier selection for multiple products with synergy effect," International Journal of Production Research, Taylor & Francis Journals, vol. 55(1), pages 18-37, January.
    • Handle: RePEc:taf:tprsxx:v:55:y:2017:i:1:p:18-37
    DOI: 10.1080/00207543.2016.1189105
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    Cited by:

    1. Fuqiang Lu & Hualing Bi & Wenjing Feng & Yanli Hu & Suxin Wang & Xu Zhang, 2021. "A Two-Stage Auction Mechanism for 3PL Supplier Selection under Risk Aversion," Sustainability, MDPI, vol. 13(17), pages 1-17, August.
    2. Aijun Liu & Yaxuan Xiao & Zengxian Li & Ruiyao Wang, 2022. "An agent‐based multiattribute reverse auction approach for online secondhand commodities," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(1), pages 129-145, January.

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