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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.

Project Team
Arnab Basu
Sponsor
SCM Centre
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Decision Sciences

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.