Development of public cloud manufacturing markets: a mechanism design approach

Abstract

Online manufacturing markets are new emerging types of markets that are spreading in the shade of public Cloud Manufacturing. This paper introduces a public Cloud Manufacturing market and denotes its differences from a private one. Public Cloud Manufacturing enables service-oriented manufacturing models for everyone in society. The prosperity of such market is tied to appropriate matching between providers to consumers. This paper elaborates on a mechanism to prescribe an appropriate allocation between resources and demands in this public market. The mechanism exploits the VIKOR method to develop preference lists for providers and consumers, the method also is augmented by the Intuitionistic Fuzzy Sets to remove complexities and uncertainties that exist in the process of ranking; and Deferred Acceptance (DA) algorithm is utilised as the matching algorithm of the mechanism. The performance of the mechanism is analysed under influence of the proposer, resource availability and matching algorithm. The influence of proposer study indicates that the situation of the consumer as the proposer is preferred to the providers’ situation as proposer; the influence of resource availability study indicates a balanced situation is preferred to the scarcity and abundancy situations and the influence of matching algorithm indicates that DA outperforms Top Trading Cycle (TTC) algorithm as the matching algorithm of the mechanism.