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dc.contributor.authorXiang, Jie
dc.contributor.authorZhang, Juliang
dc.contributor.authorSallán Leyes, José María
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament d'Organització d'Empreses
dc.identifier.citationXiang, J., Zhang, J., Sallan, J. Efficient multi-unit procurement mechanism with supply disruption risk. "Journal of interdisciplinary mathematics", 18 Juliol 2018, vol. 21, núm. 4, p. 883-895.
dc.description.abstractIn this paper, we study the multi-attribute multi-unit procurement mechanism design problem facing a set of potential suppliers who suffer from disruption risks. Each supplier's production cost depends on its disruption probability, and both are private information. We propose a Vickery-Clark-Groves auction with disruption risk (VCG-DR) for this problem and show that the mechanism is incentive-compatible, individual-rational and social efficient. Moreover, we compare the performance of the proposed mechanism and the popular single-attribute multi-unit forward auction (SA-MFV) with reserved attribute by numerical experiments. The results show that VCG-DR outperforms SA-MFV in both social efficiency and optimality.
dc.format.extent13 p.
dc.subjectÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions::Modelització de transports i logística
dc.subject.lcshBusiness logistics -- Risk management
dc.subject.otherMulti-attribute reverse auction
dc.subject.otherSupply disruption
dc.subject.otherMechanism design
dc.subject.otherVCG auction
dc.titleEfficient multi-unit procurement mechanism with supply disruption risk
dc.subject.lemacLogística (Indústria) -- Gestió del risc
dc.contributor.groupUniversitat Politècnica de Catalunya. GRO - Grup de recerca en organització
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
dc.description.versionPostprint (author's final draft)
upcommons.citation.authorXiang, J., Zhang, J., Sallan, J.
upcommons.citation.publicationNameJournal of interdisciplinary mathematics

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