Preview

Data Mining-Driven Analysis and Decomposition in Agent Supply Chain Management Networks

Powerful Essays
Open Document
Open Document
3006 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Data Mining-Driven Analysis and Decomposition in Agent Supply Chain Management Networks
Data Mining-Driven Analysis and Decomposition in Agent Supply Chain
Management Networks
Kyriakos C. Chatzidimitriou1, Andreas L. Symeonidis1,2 and Pericles A. Mitkas1,2
1
Department of Electrical and Computer Engineering
Aristotle University of Thessaloniki, GR541 24, Thessaloniki, Greece
2
Intelligent Systems and Software Engineering Laboratory
Informatics and Telematics Institute/CERTH, 57001, Thessaloniki, Greece
{kyrcha,asymeon}@issel.ee.auth.gr, mitkas@auth.gr

Abstract
In complex and dynamic environments where interdependencies cannot monotonously determine causality, data mining techniques may be employed in order to analyze the problem, extract key features and identify pivotal factors.
Typical cases of such complexity and dynamicity are supply chain networks, where a number of involved stakeholders struggle towards their own benefit. These stakeholders may be agents with varying degrees of autonomy and intelligence, in a constant effort to establish beneficiary contracts and maximize own revenue. In this paper, we illustrate the benefits of data mining analysis on a well-established agent supply chain management network. We apply data mining techniques, both at a macro and micro level, analyze the results and discuss them in the context of agent performance improvement. 1. Introduction
As agent technology matures in time, autonomous agents gain applicability and trust in trading and auctioning goods in real-world electronic markets, as well as in managing more complex environments like supply chain networks [4, 8]. Various approaches are followed in order to determine the optimal agent strategy with respect to the challenges they (agents) come up against. The plethora of data generated by these highly dynamic markets can be exploited in various contexts, either for online, or for a posteriori analysis. Our work attempts to evaluate data mining (DM) methodologies for analyzing and improving agent behavior based on market data



References: [1] R. Arunachalam and N. M. Sadeh. The Supply Chain Trading Agent Competition. Electronic Commerce Research and Applications, 4:6684, 2005. with Uncertainty and Variation in SCM Environments. Expert Systems with Applications, Article in Press, 2007. Forecasting Market Prices in a Supply Chain Game. In Proceedings of the 6th international joint conference on Autonomous agents and multiagent systems, pages 1318–1325, Honolulu, Hawaii, 2007. Trading Agents Design and Analysis, 2004. Computing. Elsevier, 2007.

You May Also Find These Documents Helpful

  • Better Essays

    Book Bunker

    • 1932 Words
    • 8 Pages

    References: Efraim Turban David King Judy Lang (02/2012). Introduction to Electronic Commerce, VitalSource eBook for DeVry University [1] (VitalSource Bookshelf), Retrieved from http://online.vitalsource.com/books/9781256517344…

    • 1932 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    ECOM320 Assign2

    • 2801 Words
    • 8 Pages

    Supply chain management is essential to align the E-business information system applications that provide to incorporate the systems of commerce to streamline its value chain. The streamlining of the internal value chain combined with the external supply chain is essential for strategy of e-business that allows businesses to respond promptly to the gradually more severe demands of customers online. Tools that assist in aligning the corporate strategy are using the integration of intranets within the corporation that also extend outside the company which are called extranets. Additionally, using business transactions that are carried out by the internet are called: electronic data interchange (EDI); this shows that the business had integrated the use of money through the internet to integrate and streamline the business processes.…

    • 2801 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    AMB335 Wk 6 Lecture 1

    • 1603 Words
    • 9 Pages

    Main Implications of the Internet for Place Place of purchase New channel structures Channel conflicts Virtual organisations Let’s take a look at each one… Place 1 – place of purchase A. Seller-controlled sites are those that are the main site of the supplier company which are e-commerce enabled. B. Seller-oriented sites are controlled by third parties, but represent the seller rather than providing a full range of options. C. Neutral sites are independent evaluator intermediaries or aggregators that enable price and product comparison and will…

    • 1603 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Acc 557

    • 2303 Words
    • 10 Pages

    Johnson, E., Whang, S., (2002) “E-Business and Supply Chain Management: an Overview and Framework”, International Journal of Physical Distribution and Logistics Management, 11(4): 413-422, Retrieved on 13th February, 2013…

    • 2303 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Today’s winners, can be tomorrow's losers; change and stability are paradoxical--organizations constantly change and yet never changes…

    • 2622 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Cis 500 Data Mining Report

    • 2046 Words
    • 9 Pages

    This report is an analysis of the benefits of data mining to business practices. It also assesses the reliability of data mining algorithms and with examples. “Data Mining is a process that uses statistical, mathematical, artificial intelligence, and machine learning techniques…

    • 2046 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Supply Chain Paper

    • 1107 Words
    • 5 Pages

    Through the years, brick and mortar buildings seemed to have been the most effective way of having a successful business. Today, with the creation of the internet many businesses now have the opportunity to reach millions of customers and other businesses worldwide. The internet has caused an enormous surge in the world 's economy through business to customer (B2C) and business to business (B2B) transactions. According to Nariane (2003), in 2003 B2B sales worldwide accounted for $1.41 trillion. B2C sales accounted for $90.1 billion in 2003. Because there is an enormous amount of e-commerce between B2B and B2C worldwide, the supply chain plays a vital in transporting all purchases throughout the world. This paper will define what a supply chain is. Defining the terms of B2B and B2C will also be discussed. Finally the last segment will explain how the supply chain differs on a B2C site compared to a B2B site and will also provide specific examples.…

    • 1107 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    listo system

    • 3472 Words
    • 14 Pages

    Development of e-commerce in modern competitive commercial world has reduced need of middleman, brokers, and distributor, which radically changed the traditional layer distribution channel .The development of technological infrastructure epically ecommerce trading system not only shifted the power from seller to buyer, but also gave consumer’s the ability to search for best quality, service, term, flexibility and innovation. This gave wide flexibility in consumer buying process. If customer were not pleased with company’s product or service, they feel free to switch brand to other firm.…

    • 3472 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    anaging a business today is fundamentally different than it was just 30 years ago. The most profound difference, we’ve come to believe, is the level of complexity people have to cope with. Complex systems have always existed, of course—and business life has always featured the unpredictable, the surprising, and the unexpected. But complexity has gone from something found mainly in large systems, such as cities, to something that affects almost everything we touch: the products we design, the jobs we do every day, and the organizations we oversee. Most of this increase has resulted from the information technology revolution of the past few decades. Systems that used to be separate are now interconnected and interdependent, which means that they are, by definition, more complex. Complex organizations are far more difficult to manage than merely complicated ones. It’s harder to predict what will happen, because complex…

    • 5226 Words
    • 21 Pages
    Powerful Essays
  • Powerful Essays

    The buyers of the services rendered by this industry include large multi national corporations that outsource their supply chain management activities as it is outside their core competencies. Some customers are extremely large volume buyers and as a result have a large amount of influence on the price of these services. The cost of switching between traders is small and the process quick, therefore buyers that are price sensitive are very likely to switch to those traders who can supply the same goods for a lower price. But even though there are many traders in the industry, only a handful have distinguished themselves because of their large global sourcing and manufacturing networks, such companies can even charge a premium for their services as they deliver extremely high levels of value and quality. Thus although buyers in this industry are price sensitive, there is a constant struggle between value for money (quality, timely delivery, customer service) and low cost.…

    • 1401 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Abstract: In the face of highly competitive markets and constant pressure to reduce lead times, enterprises today consider supply chain management to be the key area where improvements can significantly impact the bottom line. For companies maintaining direct contact with large numbers of customers, however, a growing number channel-oriented application (e.g. e-commerce support, call center support) create a new data Management challenge: that is effective way of integrating enterprise applications in real time. To learn from the past and forecast the future, many companies are adopting Business Intelligence (BI) tools and systems. Companies have understood the importance of enforcing achievements of the goals defined by their business strategies through business intelligence concepts. In this short review paper is mainly focused on how the real time BI concept is applicable for the supply chain management and critical broad review of findings in Agent based Business Intelligence approach for supply chain management.…

    • 1980 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    There has been a change in supply chain management thinking from a push oriented supply chain that emphasizes distribution of a product to passive customers to a pull-oriented supply chain that utilizes the supply chain to deliver value to customers who are actively involved in product and service specifications. Electronic communications have played a major role in facilitating new models of supply chain management. Technology applications that have facilitated supply chain management are the E-mail, Intranets, Extranets, Electronic Data Interchange (EDI) and lately interfacing of ERP system with B2B intermediary sites or Exchanges.…

    • 7462 Words
    • 22 Pages
    Powerful Essays
  • Best Essays

    throughout the years and with data mining, they now have the tools to manage and analyze these data to obtain useful knowledge (Hormizi & Giles, 2004). This paper discusses the applications of data mining in retail industry and how competitive advantages can be achieved through data mining as well as challenges that organization has to be aware of in using data mining.…

    • 3689 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    * Lee, H.L. and S. Whang (2002c), "Supply Chain Integration over the Internet," Supply Chain Management: Models, Applications, and Research Directions (Geunes, P.M. Pardalos, and H.E. Romeijn, eds.…

    • 6942 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Increasing numbers of people are gravitating towards more intensive use of the Internet as the accessibility of technology, the availability of information, and the ability to interact through the Internet increase and evolve. New information and communication technologies are constantly emerging, altering business methods, and particularly, the relationship an organization establishes with its customers. The continuing rise in popularity of the Internet for communication, education, entertainment and now even on shopping provides an opportunity to explore the relationship between. The rise of personal computer ownership and the improvement of internet access have led to the widespread use of the internet. This in turn allows the creation of online trading among suppliers, traders, bankers and consumers to transact their business in a virtual market. Online shopping has become very popular in the last few years. There are thousands of online shops available all around the Internet. Customers can purchase music, books, movies, games, electronics, perfumes, jewelry, clothing and many other products while sitting comfortably at their home PC. They do not need to spend the whole afternoon running around the city, they can simply access many of these shops online. When they do not like the product portfolio of a particular online shop or the products are too expensive, there are plenty other online shops available, just Companies running such online shops try really hard to provide the best services for all their customers. Often a single company sells many different kinds of products worldwide. This requires robust, scalable and secure applications for the company itself to manage all the business processes. The online shop is only one of them. In addition, companies usually need these enterprise applications quickly and require ongoing support and maintenance.…

    • 1129 Words
    • 5 Pages
    Powerful Essays