Procurement bidding with restrictions
نویسندگان
چکیده
منابع مشابه
Procurement Bidding with Restrictions
In many procurement situations with simultaneously offered projects, firms face participation restrictions and can bid only on a subset of the projects. This phenomenon is prevalent in a variety of observed situations such as bidding for private label supplies, business to business procurement or government projects. We show that for the case of n bidding firms where each is restricted to bid o...
متن کاملOptimal Bidding in Sequential Procurement Auctions
We consider the problem of a firm that in each period procures items by participating in auctions and then it sells the acquired items by the end of the period, where any unsold items are salvaged. The objective of the firm is to have a bidding policy that maximizes the expected value of its profit over N auctions. In this model the firm’s valuations derive from the resale of acquired items via...
متن کاملOn optimal bidding in sequential procurement auctions
We investigate the problem of optimal bidding for a firm that in each period procures items to meet a random demand by participating in a finite sequence of auctions. We develop a new model for a firm where its item valuation derives from the sale of the acquired items via their demand distribution, sale price, acquisition cost, salvage value and lost sales. We establish monotonicity properties...
متن کاملBidding Strategies Analysis for Procurement Combinatorial Auctions
Based on the work of Krishna and Rosenthal (1996) about combinatorial auctions bidding equilibrium analysis and Che(1993)’s research about one-unit multi-attributes auctions, we construct a multi-attributes procurement simultaneous auction for 2 objects, through a first-score(price), sealed-bid format. There are two kinds of bidders: simple bidders and a diverse bidder considered in this model....
متن کاملA multi-period inventory model with multi-dimensional procurement bidding
In this work, we consider a multi-period inventory model with raw material procurements done via a reverse auction. Bids are multi-dimensional and they consist of supplier information of price, shortage quantity and lead time. This work is an extension of our earlier work that has integrated single-period inventory models with multidimensional procurement auctions to multi-period settings. The ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Quantitative Marketing and Economics
سال: 2007
ISSN: 1570-7156,1573-711X
DOI: 10.1007/s11129-007-9033-5