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July 28, 2009
MinneTAC took third place in the Supply-Chain Management competition at the annual Trading Agent Competition recently held at the International Joint Conference for Artificial Intelligence in Pasadena. Team members included student Will Groves and CS&E faculty advisors John Collins and Maria Gini, with help from CS&E student Mohamed Elidrisi, undergrads Andrew Nelson, Dhruv Goel, and Mitchell Mays, and MSSE students Dickens Nyabuti and Mehdi Benyebka. Also on the team were CS&E alum Wolf Ketter and several of his students from Erasmus University in Rotterdam.
Trading Agents in the Supply-Chain competition must manage a simulated manufacturing operation, purchasing parts, managing inventories, scheduling production, and selling finished goods. Both the procurement market and the sales market are competitive and highly variable. Agents begin a simulation with empty bank accounts, and must borrow money to build up inventories before they can sell products. The agent with the largest bank account at the end of a simulated year of operation is the winner.
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