Procurement Mechanisms with Post-Auction Pre-Award Cost-Reduction Investigations

DOI10.1287/OPRE.2022.2349MaRDI QIDQ5060486zbMATH OpenOpenAlexFDO

Authors Qi Chen, Damian R. Beil, Izak Duenyas

Publication date 10 January 2023

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2022.2349

zbMATH Keywords

mechanism designprocurementoptimal mechanismfirst-pricesealed-bid auctionwin-wincost-reduction investigation

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Recommendations

• Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions
• Strategic capability investments and competition for supply contracts
• The Buyer's procuring mechanism under operating cost sharing in supply chain
• Bidding for Contests
• An inverse-optimization-based auction mechanism to support a multiattribute RFQ process

Cites work

• A Principal-Agent Model for Product Specification and Production
• Approximations to stochastic dynamic programs via information relaxation duality
• Contracting with Imperfect Commitment and the Revelation Principle: The Single Agent Case
• Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions
• Dynamic cost reduction through process improvement in assembly networks
• Entry and R{\&}D in procurement contracting
• Equilibrium in Sealed High Bid Auctions
• Imperfect commitment and the revelation principle: The multi-agent case
• Investment Incentives in Procurement Auctions
• Multistage Games with Communication
• On the analysis of asymmetric first price auctions
• Optimal Procurement Contracts with Pre-Project Planning
• Optimal Search for the Best Alternative
• RFQ auctions with supplier qualification screening
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• The Strategic Benefit of Request for Proposal/Quotation
• The effect of bidders' asymmetries on expected revenue in auctions
• The revelation principle in multistage games
• Total-Cost Procurement Auctions: Impact of Suppliers' Cost Adjustments on Auction Format Choice
• Whether or not to open Pandora's box
• ``Now or later? When to deploy qualification screening in open-bid auction for re-sourcing

Cited in

(2)

• ``Now or later? When to deploy qualification screening in open-bid auction for re-sourcing
• The Buyer's procuring mechanism under operating cost sharing in supply chain

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