Optimal Mechanism Design for Supply Chain Networks
In this project, we propose to understand and formalize the notions of supply chain networks modelled as economic mechanisms and evaluate their structural and functional properties. Given specific assumptions on a particular supply chain network, we can analyse its efficiency for performing the specified activity. In this regard, we propose to study the generalized Vickrey auction in the light of our previous work. Issues of information asymmetry and information incompleteness of such systems will also be studied with reference to the design of efficient mechanisms. These ideas will help us in understanding the strategic stability of equilibria of the underlying Bayesian game induced by the corresponding mechanism.
Optimal Mechanism Design for Supply Chain Networks
Project Team: | Arnab Basu |
Sponsor: | SCM Centre |
Project Status: | Ongoing |
Area: | Decision Sciences |
Abstract: | In this project, we propose to understand and formalize the notions of supply chain networks modelled as economic mechanisms and evaluate their structural and functional properties. Given specific assumptions on a particular supply chain network, we can analyse its efficiency for performing the specified activity. In this regard, we propose to study the generalized Vickrey auction in the light of our previous work. Issues of information asymmetry and information incompleteness of such systems will also be studied with reference to the design of efficient mechanisms. These ideas will help us in understanding the strategic stability of equilibria of the underlying Bayesian game induced by the corresponding mechanism. |