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An automated demand-supply matching (DSM) ranking model for the circular economy
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Embedded Internet Systems Lab.
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Embedded Internet Systems Lab.ORCID iD: 0000-0001-5408-0008
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Computer Science.ORCID iD: 0000-0003-4549-6751
2022 (English)In: IECON 2022 – 48th Annual Conference of the IEEE Industrial Electronics Society, IEEE, 2022Conference paper, Published paper (Refereed)
Abstract [en]

The efficient matching of demanded products, components and materials for re-use and re-manufacturing is paramount for the circular economy. In this paper, we present a model for automated demand-supply matching (DSM) that provides means to rank candidate suppliers according to predefined procurement criteria. Preparing for the acquisition of End-of-life (EoL) products, components, and materials, actors in need of such goods may publish calls for tenders including those criteria. Suppliers can then submit their offerings meeting the needs as stated by one or more calls for tenders. Our automated DSM model evaluates the received offerings based on the procurement criteria to rank suppliers according to each call for tender. Alternatively, suppliers may publish their offerings beforehand, thereby making it possible for demanders to search for matching offerings that meet their needs and to automatically evaluate them using the DSM ranking model. Our basic model takes into account transportation cost, seller reputation and price. We discuss the flexibility of the DSM model in incorporating additional procurement criteria to examine the general applicability of its conceptual design.

Place, publisher, year, edition, pages
IEEE, 2022.
Series
Annual Conference of Industrial Electronics Society, ISSN 1553-572X, E-ISSN 2577-1647
Keywords [en]
circular economy, demand-supply matching, life-cycle management, procurement, sustainable production
National Category
Economics Transport Systems and Logistics
Research subject
Cyber-Physical Systems; Pervasive Mobile Computing
Identifiers
URN: urn:nbn:se:ltu:diva-95046DOI: 10.1109/IECON49645.2022.9968439Scopus ID: 2-s2.0-85143895251ISBN: 978-1-6654-8025-3 (electronic)OAI: oai:DiVA.org:ltu-95046DiVA, id: diva2:1722494
Conference
IECON 2022 – 48th Annual Conference of the IEEE Industrial Electronics Society, Brussels, Belgium, October 17-20, 2022
Funder
European Commission, 873111Available from: 2022-12-29 Created: 2022-12-29 Last updated: 2022-12-29Bibliographically approved

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Fernandez, ShaiBodin, UlfSynnes, Kåre

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CiteExportLink to record
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