Negotiation for transportation tasks with stochastic payoffs

  • Goutam S
  • Soundar R
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Abstract

This paper describes a bargain model to distribute tasks with stochastic payoff among transportation companies. The tasks are generated from a procurement problem where a set of products needs to be selected for transportation from a set of prospective suppliers to a set of prospective manufacturers. The bargain process based on this model uses a time varying payoff distribution. The design of the payoff model is explained and the simulation study used to determine the design criteria of the payoff model to generate a desirable task distribution is described.

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Goutam, S., & Soundar, R. T. K. (2000). Negotiation for transportation tasks with stochastic payoffs. Computers in Industry, 42(2,3), 193. Retrieved from http://ezaccess.libraries.psu.edu/login?url=http://proquest.umi.com/pqdweb?did=55494839&Fmt=7&clientId=9874&RQT=309&VName=PQD

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