Microcredit practices applied to e-supply chain management

• Type: Article in International Conference Proceedings Book
• Date: 2007

Authors

Pedro Manuel Henriques da Cunha Abreu (Author) FEUP; Pedro Miguel Correia Mendes (Author) FEUP; Daniel Castro Silva (Author) FEUP; Vasco Hugo Vinhas Gonçalves Vinhas (Author) FEUP

Conference proceedings International

Title: IADIS International Conference on e-Commerce 2007

Pages: 91-98

IADIS International Conference on e-Commerce 2007

Algarve, Portugal, 7 a 9 de Dezembro de 2007

Scientific classification

FOS: Engineering and technology > Other engineering and technologies

CORDIS: Technological sciences > Technology > Information technology > E-commerce

Other information

Abstract (EN): Mohamed Yunnus, founder of the Grameen Bank and winner of the 2006 Noble Peace Prize, introduced a new financial strategy to the world calling it MicroCredit. The practices involve loaning small amounts of money to societies’ poorest people so as to allow them to develop small scale businesses. In this research an agent architecture emulating these practices on a competitive multi agent trading platform is presented. The agent is named MicroTeam and was a contestant in the 2007 TAC SCM competition qualifying rounds. It achieved an average final result of 1.8 million with an initial loan of only 100.000 monetary units proving the applicability of the concept even among highly competitive agents such as last year’s winner. The proposed agent adaptations mainly regard introduction of credit limits and client request analysis following the developed evaluation function.

Language: English

Type (Professor's evaluation): Scientific