Optimal Procurement With Quality Concerns
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Optimal Procurement With Quality Concerns
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Author : Giuseppe Lopomo
language : en
Publisher:
Release Date : 2022
Optimal Procurement With Quality Concerns written by Giuseppe Lopomo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Adverse selection in procurement arises when low-cost bidders are also lowquality suppliers. We propose a mechanism called LoLA which, under some conditions, is the best incentive-compatible mechanism for maximizing either the seller's or the social surplus in the presence of adverse selection. The LoLA features a floor (or minimum) price, and a reserve (or maximum) price. Conveniently, the LoLA has a dominant strategy equilibrium that, under mild regularity conditions, is unique. We perform a counterfactual experiment on Italian government procurement auctions: we compute the gain that the government could have made, had it used the optimal mechanism (which happens to be a LoLA), relative to a first-price auction, which is the format the government actually used. Finally, we provide software applications for computing the optimal procurement mechanism.
Optimal Procurement Mechanism With Observable Quality
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Author : Juan José Ganuza
language : es
Publisher:
Release Date : 1996
Optimal Procurement Mechanism With Observable Quality written by Juan José Ganuza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Optimal Procurement When Both Price And Quality Matter
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Author : John Asker
language : en
Publisher:
Release Date : 2005
Optimal Procurement When Both Price And Quality Matter written by John Asker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Industrial procurement categories.
Essays On Procurement Scoring Auction And Quality Manipulation Corruption
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Author : Yangguang Huang
language : en
Publisher:
Release Date : 2016
Essays On Procurement Scoring Auction And Quality Manipulation Corruption written by Yangguang Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Auction theory categories.
This dissertation studies the procurement problem with focus on the issue of quality. Most target items of procurement are not standardized goods, but are some customized goods with quality measured by non-monetary attributes. Scoring auction is one of the most popular procurement schemes used in practice. In a scoring auction, each supplying firm chooses its bid as a combination of price and quality attributes according to a pre-announced scoring rule. The scoring rule ranks all submitted multi-dimensional bids and award the contract to the firm with highest score. To implement a scoring auction, quality assessment is necessary, but the buyer usually does not possess the relevant industrial expertise. So the buyer has to hire an intermediary agent and the problem of quality manipulation arises when the quality reports of bids are distorted by the agent. In particular, the agent may exaggerate the corrupted firm's quality score in exchange for bribe. Chapter 1 provides an theoretical analysis on the optimal procurement scheme design problem under quality manipulation. Chapter 2 is an empirical study on scoring auctions. Chapter 3 shows how we can statistically test quality manipulation from scoring auction data.
Optimal Procurement When Both Price And Quality Matteri
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Author : John Asker
language : en
Publisher:
Release Date : 2005
Optimal Procurement When Both Price And Quality Matteri written by John Asker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Supply Chain Optimization
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Author : Joseph Geunes
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-30
Supply Chain Optimization written by Joseph Geunes and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Business & Economics categories.
Supply Chain Optimization captures the latest results in a segment of current research activity in supply chain management. This research area focuses on applying optimization techniques to supply chain management problems. The research papers that make up the volume provide a snapshot of state-of-the-art optimization methods within the field. This book presents rigorous modelling approaches for supply chain operations problems with a goal of improving supply chain performance (or the performance of some segment thereof). It contains high-quality works from leading researchers in the field whose expertise fits within this scope. The book provides a diverse blend of research topics and novel modelling and solution approaches for difficult classes of supply chain operations, planning, and design problems.
Handbook Of Procurement
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Author : Nicola Dimitri
language : en
Publisher: Cambridge University Press
Release Date : 2006-09-28
Handbook Of Procurement written by Nicola Dimitri and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-28 with Business & Economics categories.
How can organizations ensure that they can get best value for money in their procurement decisions? How can they stimulate innovations from their dedicated suppliers? With contributions from leading academics and professionals, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations, and international institutions. The issues addressed include the management of dynamic procurement; the handling of procurement risk; the architecture of purchasing systems; the structure of incentives in procurement contracts; methods to increase suppliers' participation in procurement contests and e-procurement platforms; how to minimize the risk of collusion and of corruption; pricing and reputation mechanisms in e-procurement platforms; and how procurement can enhance innovation. Inspired by frontier research, it provides practical recommendations to managers, engineers and lawyers engaged in private and public procurement design.
The Choice Of The Government Optimal Procurement Mechanism
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Author : Stefania Di Serafino
language : en
Publisher:
Release Date : 1996
The Choice Of The Government Optimal Procurement Mechanism written by Stefania Di Serafino and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Optimal Procurement With Auditing And Bribery
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Author : Ruben Pastor Vicedo
language : en
Publisher:
Release Date : 2012
Optimal Procurement With Auditing And Bribery written by Ruben Pastor Vicedo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Procurement When Price And Quality Matter
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Author : John Asker
language : en
Publisher:
Release Date : 2007
Procurement When Price And Quality Matter written by John Asker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Industrial procurement categories.