The Algorithm For Negotiating Prices In A Palm Oil Supply Chain  

Oleh:

Hidayat, Syarif

Jenis: Article from Proceeding
Dalam koleksi: PROCEEDING The 8th International Seminar on Industrial Engineering and Management (8th ISIEM). Atria Hotel & Conference, Malang, Indonesia March 17 – 19, 2015, page IM-12.
Topik: Added-value; Agent Based Modeling; Netlogo software; iteration
Fulltext: Paper 16 Syarif Hidayat - Al Azhar Indonesia University.pdf (623.06KB)

Isi artikel

In supply chain (POSC) the operational risk and investment levels between the actors may not be proportionately rewarded by the same levels of added value. Each actor will attempt to obtain the highest reward. However, each actor must consider the level of added value obtained by other actors so as to maintain the fair balance in the overall supply chain profitability. Otherwise any of the least profitable actor will withdraw itself from the supply chain and the supply chain will collapse. In this study the authors proposed a formula to calculate the utility function based added value for each of the actors in the POSC. The utility function is a formula based on the risk and investment levels of each of the POSC members. To optimize the added value distribution between the agents the concept of stakeholder dialogue was used. This research is important because the developed iterative algorithm may be used by other supply chain and other products in general. Agent-based modeling approach was used for this purpose to facilitate the negotiation between all actors to reach the balanced added values along the POSC to ensure supply chain sustainability. Netlogo software is used in developing the POSC negotiation model while considering the stakeholder dialogue. The proposed utility function formula proves to be practical to calculate the expected negotiated prices between all the actors. Application of the formula to other types of commodity and different supply chain model will need some adjustments in the calculation.

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