Truthful multi-unit multi-attribute double auctions for perishable supply chain trading

This paper aims to propose multi-attribute double auctions for perishable supply chain trading (PSCT). The authors first construct a multi-unit/single-unit multi-attribute double auction (MS-MDA) for PSCT where suppliers can submit bids on a single unit of one item (i.e., single output restriction). They then relax the single output restriction and propose a multi-unit multi-attribute double auction (M-MDA) for PSCT in which each supplier offers multiple units of one item. Both the MS-MDA and M-MDA mechanisms are incentive compatible, individually rational, budget balanced and computationally efficient. The computational study shows that all proposed mechanisms are of high allocation efficiency and practically implementable.

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  • English

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  • Accession Number: 01611394
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 1 2016 2:34PM