Dynamic procurement management by reverse auctions with fixed setup costs and sales levers

DOI10.1016/J.APM.2015.10.008zbMATH Open1452.91164OpenAlexW2195360913MaRDI QIDQ2289310FDOQ2289310

Authors: Shuren Liu, Yimin Zhu, Qiying Hu 

Publication date: 28 January 2020

Published in: Applied Mathematical Modelling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.apm.2015.10.008

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zbMATH Keywords

stochastic dynamic programmingreverse auctiondynamic procurement strategysales levers

Mathematics Subject Classification ID

Dynamic programming (90C39) Auctions, bargaining, bidding and selling, and other market models (91B26) Stochastic programming (90C15) Inventory, storage, reservoirs (90B05)

Cites Work

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• Optimal pricing and inventory control policy in periodic-review systems with fixed ordering cost and lost sales
• Optimal Auction Design
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• Multiple Sourcing and Procurement Process Selection with Bidding Events
• Inventory Management with Auctions and Other Sales Channels: Optimality of (s, S) Policies
• Optimal Auctioning and Ordering in an Infinite Horizon Inventory-Pricing System
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• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case
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• Analysis and evaluation for optimal allocation in sequential internet auction systems with reserve price
• Selecting optimal selling format of a product in B2C online auctions with boundedly rational customers

Cited In (12)

• First- and second-price sealed-bid auctions applied to push and pull supply contracts
• An auction approach for cost and schedule management of IT outsourcing project
• Reverse auction models for procurement contract under uncertain demand
• When (and how) to favor incumbents in optimal dynamic procurement auctions
• Outsourcing via reverse auction with a built‐in menu of change orders
• RFQ auctions with supplier qualification screening
• Pricing in multiple-item procurement auctions with a common to all items fixed cost
• A multi-period inventory model with multi-dimensional procurement bidding
• E-sourcing in Procurement: Theory and Behavior in Reverse Auctions with Noncompetitive Contracts
• Reverse auctions are different from auctions
• Reverse auctions with transportation and convex costs
• Total-Cost Procurement Auctions: Impact of Suppliers' Cost Adjustments on Auction Format Choice

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