Models for Iterative Multiattribute Procurement Auctions
نویسندگان
چکیده
منابع مشابه
Models for Iterative Multiattribute Procurement Auctions
M auctions extend traditional auction settings to allow negotiation over nonprice attributes such as weight, color, and terms of delivery, in addition to price and promise to improve market efficiency in markets with configurable goods. This paper provides an iterative auction design for an important special case of the multiattribute allocation problem with special (preferential independent) a...
متن کاملMultiattribute Auctions in Electronic Procurement
of doctoral dissertation accepted by the School of Economics and Business Engineering (http://www.wiwi.uni-karlsruhe.de) Universität Karlsruhe (TH), Germany (http://www.uni-karlsruhe.de) Date of defense: June 23, 2004 Multiattribute auctions provide a buyer with “the ability to retain flexibility during negotiation, and to express tradeoffs across different outcomes without making an up-front c...
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Traditionally firms aiming to achieve competition among suppliers have used sealed bidding procedures in their procurement processes. However, the advances in computational technologies now allow companies to use different and more complex auction mechanisms for their sourcing needs. The multiattribute auction is a mechanism that allows negotiation over multiple characteristics of a contract in...
متن کاملMultiattribute Procurement Auctions: Efficiency and Social Welfare in Theory and Practice
Quasi‐linearity of preferences is one of the standard assumptions in auction theory. This assumption is of particular significance in multi‐attribute reverse auctions which are used in procurement. This paper presents an analysis of this assumption and its implications. Building on observations of scholars in economics and decision sciences who note that in practice such preferences may be rare...
متن کاملPreference Representation for Multi-Unit Multiattribute Auctions
The problem of multi-unit multiattribute trading, though useful in practical procurement settings, has been rarely addressed in auction literature. We present a general framework to structure specifications of preferences over multi-unit multiattribute outcomes, allowing flexible tradeoffs between expressiveness and compactness of representation. Next, we use this framework to propose an auctio...
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ژورنال
عنوان ژورنال: Management Science
سال: 2005
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.1040.0340