Dynamic procurement management by reverse auctions with fixed setup costs and sales levers
نویسندگان
چکیده
منابع مشابه
Procurement Auctions with Avoidable Fixed Costs: An Experimental Approach
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky, and market outcomes volatile. If bidders deviate from risk neutral best responses, either due to faulty optimization or risk attitudes, then equilibrium predictions can perform poorly. In this paper, we confront laboratory bidders with three auction formats that make bidding diff...
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We study periodic-review inventory replenishment problems with fixed ordering costs, and show the optimality of (s, S) inventory replenishment policies. Inventory replenishment is instantaneous, i.e., the lead time is zero. We consider several sales mechanisms, e.g., auction mechanisms, name-your-own-price mechanisms, and multiple heterogeneous sales channels. We prove this result by showing th...
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One of the goals of procurement is to establish a fair price while affording the buyer some flexibility in selecting the suppliers to deal with. Reverse auctions do not have this flexibility, because it is the auction rules and not the buyer that determine the winner. But an important advantage of having this flexibility is that it allows buyers and suppliers to establish long-term relationship...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2016
ISSN: 0307-904X
DOI: 10.1016/j.apm.2015.10.008