A Smart Market for Industrial Procurement with Capacity Constraints
نویسندگان
چکیده
منابع مشابه
A Smart Market for Industrial Procurement with Capacity Constraints
W address the problem of designing multi-item procurement auctions for a monopsonistic buyer in capacity-constrained environments. Using insights from classical auction theory, we construct an optimization-based auction mechanism (“smart market”) relying on the dynamic resolution of a linear program minimizing the buyer’s cost under the suppliers’ capacity constraints. Suppliers can modify thei...
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ژورنال
عنوان ژورنال: Management Science
سال: 2005
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.1040.0230