The currency of procurement cost.
نویسندگان
چکیده
منابع مشابه
Ambiguity Aversion and Cost-plus Procurement Contracts
This paper presents a positive theory about the contractual form of procurement contracts under cost uncertainty. While the cost of manufacture is uncertain it can be controlled, to an extent depending on the effort exerted by the agent. The effort exerted by the agent is not contractible but causes disutility to the agent. Hence, the amount of effort exerted depends on the power of incentives ...
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This paper considers a model of cost-based procurement in which the principal faces ambiguity about the agent's preferences for e ort to reduce costs. It evaluates the performance of simple and commonly used incentive schemes whereby the agent chooses between a xed-price contract and a cost-reimbursement contract. Calculation of the optimal simple scheme requires knowledge only of the cost savi...
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ژورنال
عنوان ژورنال: Journal of the Experimental Analysis of Behavior
سال: 2002
ISSN: 0022-5002
DOI: 10.1901/jeab.2002.78-31