Virtual market emergence for resource allocation in supply web

Management of physical product flows amongst the nodes in complex supply chains (i.e. supply web) comes under the intensive study of effective enterprise operation. Market-oriented programming, which integrates the market economics concept into the multi-agent paradigm, solves the product distribution problem by allocating the scheduled resources according to market prices. We formulate a supply web model as a virtual market with the aggregation of agents based on market-oriented programming, and demonstrate the applicability of economic analysis to this framework. The proposed algorithm facilitates sophisticated supply web management, which produces a Pareto optimal solution in product distribution strategy