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

Meng Cheng, Su Xiu Xu and George Q. Huang

Transportation Research Part E: Logistics and Transportation Review, 2016, vol. 93, issue C, 21-37

Abstract: This paper aims to propose multi-attribute double auctions for perishable supply chain trading (PSCT). We 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). We 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.

Keywords: Mechanism design; Multi-attribute double auctions; Perishable supply chain trading; Incentive compatibility (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (13)

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DOI: 10.1016/j.tre.2016.05.009

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