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Article: A parallel bargaining protocol for automated sourcing of construction suppliers

TitleA parallel bargaining protocol for automated sourcing of construction suppliers
Authors
KeywordsConstruction material
Multi-Agent System
Parallel bargaining
Supplier
Issue Date2006
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/autcon
Citation
Automation In Construction, 2006, v. 15 n. 3, p. 365-373 How to Cite?
AbstractBidding is a critical decision process as it would determine whether a contractor can win a construction contract at a reasonable profit margin. Among various factors affecting the bidding decisions, the selection of suitable suppliers for the provision of various construction materials is one of the most important aspects in ensuring bid and project success. Despite that, in the absence of time at the bidding stage, the negotiation with suppliers is normally carried out in a crude and unstructured manner, and the terms and prices for material supply could be far from ideal. Automated negotiation using the Multi-Agent System (MAS) concept can reduce the response time and maximize the expected profit should a suitable negotiation protocol be devised. In this paper, a parallel bargaining protocol is proposed by analyzing the characteristics of the negotiation process involved in suppliers sourcing. This new protocol is an extension of the fish-market protocol in which the bargaining of material terms and prices is conducted with several suppliers concurrently. Although some limitations were found in the study, the protocol appears to have great potential in the problem domain, and it could provide a solid foundation for the design of a MAS for the sourcing of suppliers for construction projects. © 2005 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/71609
ISSN
2015 Impact Factor: 2.442
2015 SCImago Journal Rankings: 1.571
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorNg, STen_HK
dc.contributor.authorLi, Wen_HK
dc.date.accessioned2010-09-06T06:33:32Z-
dc.date.available2010-09-06T06:33:32Z-
dc.date.issued2006en_HK
dc.identifier.citationAutomation In Construction, 2006, v. 15 n. 3, p. 365-373en_HK
dc.identifier.issn0926-5805en_HK
dc.identifier.urihttp://hdl.handle.net/10722/71609-
dc.description.abstractBidding is a critical decision process as it would determine whether a contractor can win a construction contract at a reasonable profit margin. Among various factors affecting the bidding decisions, the selection of suitable suppliers for the provision of various construction materials is one of the most important aspects in ensuring bid and project success. Despite that, in the absence of time at the bidding stage, the negotiation with suppliers is normally carried out in a crude and unstructured manner, and the terms and prices for material supply could be far from ideal. Automated negotiation using the Multi-Agent System (MAS) concept can reduce the response time and maximize the expected profit should a suitable negotiation protocol be devised. In this paper, a parallel bargaining protocol is proposed by analyzing the characteristics of the negotiation process involved in suppliers sourcing. This new protocol is an extension of the fish-market protocol in which the bargaining of material terms and prices is conducted with several suppliers concurrently. Although some limitations were found in the study, the protocol appears to have great potential in the problem domain, and it could provide a solid foundation for the design of a MAS for the sourcing of suppliers for construction projects. © 2005 Elsevier B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/autconen_HK
dc.relation.ispartofAutomation in Constructionen_HK
dc.rightsAutomation in Construction. Copyright © Elsevier BV.en_HK
dc.subjectConstruction materialen_HK
dc.subjectMulti-Agent Systemen_HK
dc.subjectParallel bargainingen_HK
dc.subjectSupplieren_HK
dc.titleA parallel bargaining protocol for automated sourcing of construction suppliersen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0926-5805&volume=15&issue=3&spage=365&epage=373&date=2006&atitle=A+parallel+bargaining+protocol+for+automated+sourcing+of+construction+suppliersen_HK
dc.identifier.emailNg, ST:tstng@hkucc.hku.hken_HK
dc.identifier.authorityNg, ST=rp00158en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.autcon.2005.07.004en_HK
dc.identifier.scopuseid_2-s2.0-33644701042en_HK
dc.identifier.hkuros119072en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33644701042&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume15en_HK
dc.identifier.issue3en_HK
dc.identifier.spage365en_HK
dc.identifier.epage373en_HK
dc.identifier.isiWOS:000236687600009-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridNg, ST=7403358853en_HK
dc.identifier.scopusauthoridLi, W=12765064500en_HK

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