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Toward resilient cloud warehousing via a blockchain-enabled auction approach

Cloud warehousing service (CWS) has emerged as a promising third-party logistics service paradigm driven by the widespread use of e-commerce. The current CWS billing method is typically based on a fixed rate in a coarse-grained manner. This method cannot reflect the true service value under the fluc...

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Autores principales: Li, Ming, Feng, Jianghong, Xu, Su Xiu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Higher Education Press 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9926424/
http://dx.doi.org/10.1007/s42524-022-0224-2
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author Li, Ming
Feng, Jianghong
Xu, Su Xiu
author_facet Li, Ming
Feng, Jianghong
Xu, Su Xiu
author_sort Li, Ming
collection PubMed
description Cloud warehousing service (CWS) has emerged as a promising third-party logistics service paradigm driven by the widespread use of e-commerce. The current CWS billing method is typically based on a fixed rate in a coarse-grained manner. This method cannot reflect the true service value under the fluctuating e-commerce logistics demand and is not conducive to CWS resilience management. Accordingly, a floating mechanism can be considered to introduce more flexible billing. A CWS provider lacks sufficient credibility to implement floating mechanisms because it has vested interests in terms of fictitious demand. To address this concern, this report proposes a blockchain-enabled floating billing management system as an overall solution for CWS providers to enhance the security, credibility, and transparency of CWS. A one-sided Vickrey–Clarke–Groves (O-VCG) auction mechanism model is designed as the underlying floating billing mechanism to reflect the real-time market value of fine-grained CWS resources. A blockchain-based floating billing prototype system is built as an experimental environment. Our results show that the O-VCG mechanism can effectively reflect the real-time market value of CWSs and increase the revenue of CWS providers. When the supply of CWS providers remains unchanged, allocation efficiency increases when demand increases. By analyzing the performance of the O-VCG auction and comparing it with that of the fixed-rate billing model, the proposed mechanism has more advantages. Moreover, our work provides novel managerial insights for CWS market stakeholders in terms of practical applications.
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spelling pubmed-99264242023-02-14 Toward resilient cloud warehousing via a blockchain-enabled auction approach Li, Ming Feng, Jianghong Xu, Su Xiu Front. Eng. Manag. Research Article Cloud warehousing service (CWS) has emerged as a promising third-party logistics service paradigm driven by the widespread use of e-commerce. The current CWS billing method is typically based on a fixed rate in a coarse-grained manner. This method cannot reflect the true service value under the fluctuating e-commerce logistics demand and is not conducive to CWS resilience management. Accordingly, a floating mechanism can be considered to introduce more flexible billing. A CWS provider lacks sufficient credibility to implement floating mechanisms because it has vested interests in terms of fictitious demand. To address this concern, this report proposes a blockchain-enabled floating billing management system as an overall solution for CWS providers to enhance the security, credibility, and transparency of CWS. A one-sided Vickrey–Clarke–Groves (O-VCG) auction mechanism model is designed as the underlying floating billing mechanism to reflect the real-time market value of fine-grained CWS resources. A blockchain-based floating billing prototype system is built as an experimental environment. Our results show that the O-VCG mechanism can effectively reflect the real-time market value of CWSs and increase the revenue of CWS providers. When the supply of CWS providers remains unchanged, allocation efficiency increases when demand increases. By analyzing the performance of the O-VCG auction and comparing it with that of the fixed-rate billing model, the proposed mechanism has more advantages. Moreover, our work provides novel managerial insights for CWS market stakeholders in terms of practical applications. Higher Education Press 2023-02-14 2023 /pmc/articles/PMC9926424/ http://dx.doi.org/10.1007/s42524-022-0224-2 Text en © Higher Education Press 2023 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Research Article
Li, Ming
Feng, Jianghong
Xu, Su Xiu
Toward resilient cloud warehousing via a blockchain-enabled auction approach
title Toward resilient cloud warehousing via a blockchain-enabled auction approach
title_full Toward resilient cloud warehousing via a blockchain-enabled auction approach
title_fullStr Toward resilient cloud warehousing via a blockchain-enabled auction approach
title_full_unstemmed Toward resilient cloud warehousing via a blockchain-enabled auction approach
title_short Toward resilient cloud warehousing via a blockchain-enabled auction approach
title_sort toward resilient cloud warehousing via a blockchain-enabled auction approach
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9926424/
http://dx.doi.org/10.1007/s42524-022-0224-2
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