Implementation of optimal schedules in outsourcing with identical suppliers

This paper deals with decentralized decision-making situations in which firms outsource production orders to multiple identical suppliers. Each firm aims to minimize the sum of its completion times. We study whether a central authority can install a mechanism such that strategic interaction leads to a socially optimal schedule. For the case of single demand the shortest-first mechanism implements optimal schedules in Nash equilibrium. We show that for the general case there exists no anonymous mechanism that implements optimal schedules in correlated equilibrium

Implementation of optimal schedules in outsourcing with identical suppliers

This paper deals with decentralized decision-making situations in which firms outsource production orders to multiple identical suppliers. Each firm aims to minimize the sum of its completion times. We study whether a central authority can install a mechanism such that strategic interaction leads to a socially optimal schedule. For the case of single demand the shortest-first mechanism implements optimal schedules in Nash equilibrium. We show that for the general case there exists no anonymous mechanism that implements optimal schedules in correlated equilibrium.Financial support from from AGAUR–Generalitat de Catalunya (2014-SGR-1064 and 2017-SGR-1359), the Spanish Ministry of Economy and Competitiveness through Plan Estatal de Investigación Científica y Técnica y de Innovación 2013–2016 (ECO2014-59302-P and ECO2017-88130-P), and the Severo Ochoa Programme for Centres of Excellence in R&D (SEV-2015-0563) is also gratefully acknowledged

Implementation of optimal schedules in outsourcing with identical suppliers

\u3cp\u3eThis paper deals with decentralized decision-making situations in which firms outsource production orders to multiple identical suppliers. Each firm aims to minimize the sum of its completion times. We study whether a central authority can install a mechanism such that strategic interaction leads to a socially optimal schedule. For the case of single demand the shortest-first mechanism implements optimal schedules in Nash equilibrium. We show that for the general case there exists no anonymous mechanism that implements optimal schedules in correlated equilibrium.\u3c/p\u3

Implementation of optimal schedules in outsourcing with identical suppliers

This paper deals with decentralized decision-making situations in which firms outsource production orders to multiple identical suppliers. Each firm aims to minimize the sum of its completion times. We study whether a central authority can install a mechanism such that strategic interaction leads to a socially optimal schedule. For the case of single demand the shortest-first mechanism implements optimal schedules in Nash equilibrium. We show that for the general case there exists no anonymous mechanism that implements optimal schedules in correlated equilibrium