Bidding to procure supply in newsvendor networks

We develop a model to determine the optimal bids a trade agent submits to sellers in a B2B market. The trade agent bids at multiple supply locations and allocates the goods procured after bidding to fulfill the demand of multiple clients. We analyze the structural properties of the trade agent's expected profit function and the optimal bids.(c) 2023 Elsevier B.V. All rights reserved.