While the current economic crisis clearly puts pressure on governments to cut spending and save money, whilst call for a more cohesive interface between public private sectors is currently resonating, procurement has been marred by scandals, mismanagement, possibly malpractices. According literature, corporate integrity drives transactional behaviors acting as hidden hand of social factors that...

1 Introduction The London bus routes market provides an early example of the use of a combinatorial auction format in public procurement. This market covers about 800 routes serving an area of 1,630 square kilometers and more than 3.5 million passengers per day. It is valued at 600 million Pounds per year (roughly US $900 million). Prior to deregulation, bus services in the Greater London area ...

Formal specification and verification of protocols have been credited for uncovering protocol flaws; revealing inadequacies in protocol design of the Initial Stage and Negotiation Stage; and proved that improved protocol performs in the desired manner while under modelled attacks from dishonest players. It also shows how formal methods can be used by protocol designer to achieve a better design...

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A reverse auction can be likened to a tendering process where a contract is awarded to the lowest bidder. This is in contrast to a conventional forward auction where the highest bidder wins. In this paper we analyze a minority game version of the reverse auction where an extra condition is imposed that, namely, the bid must be unique. In other words, the bidder with the lowest positive unique i...

There is a growing number of Call for Tenders (CFTs) published on the Web and it is important for businesses to be made aware of opportunities that match their capabilities when they occur. Although many large centralized tendering sites now exist, the freeform nature of CFTs makes classification difficult. Furthermore many interesting calls are published on sites other than the major ones. Thi...

Amongst the more important individual initiatives have been the creation of Next Steps Agencies to undertake many of the executive functions of central government, market testing and compulsory competitive tendering of many operational functions throughout the public sector, the transfer of previously public businesses into the private sector where this was feasible, and the creation of interna...

Centralized procurement is now the development trend of procurement management of large enterprise groups at home and abroad. State Grid Materials Co, Ltd has accumulated rich experience of providing agent services to many international tendering projects including those using the World Bank and the Asian Development Bank loans. It has developed a standardized centralized procurement procedure ...