There has been a dramatic increase over the past decade in the number of firms that source finished product from overseas. While this has reduced procurement costs, it has increased supply risk; procurement lead times are longer and are often unreliable. In deciding when and how much to order, firms must consider the lead time risk and the demand risk, i.e., the accuracy of their demand forecas...

Experimental methods are used to examine the existence and detectability of collusion in environments that exhibit critical parallels to procurement auctions. We find that, given the opportunity, sellers often raise prices considerably. Moreover, non-collusive Nash equilibrium predictions are insufficient to dismiss “suspicious” behavior as innocuous: In an environment where identical prices ar...

Supply chain management represents a critical competency in today’s global business environment, but neither commerce through EDI technology nor current Web applications satisfy combined requirements of process integration and flexibility. The present research builds on prior agent work to argue multi-agent systems offer tremendous potential and capability to overcome such limitations. The pape...

An increasing number of commercial companies are using online reverse auctions for their sourcing activities. In reverse auctions, multiple suppliers bid for a contract from a buyer for selling goods and/or services. Usually, the buyer has to procure multiple items, which are typically divided into lots for auctioning purposes. By steering the composition of the lots, a buyer can increase the a...

Green Supply Chain Management (GSCM) is one of the recent innovations for the enhancement of capabilities of Supply Chain Management. In this research, we aim to study the various activities of the Supply Chain processes of the various Indian Manufacturing Industries i.e. both SME’s {Small Manufacturing Enterprises} & Large Scale Industries & finds how much ecofriendly they are (i.e. how much %...