Procurement decision making mechanism of divisible goods based on multi-attribute auction

Rao, Congjun; Zhao, Yong; Ma, Shenglin

doi:10.1016/j.elerap.2012.05.001

Cited by 29 publications

(12 citation statements)

References 18 publications

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“…Also, in terms of coordination improvement, according to Rao et al (2012), multi-attribute auction enables negotiation on several attributes, in addition to the price, that need coordination between supply and demand stages, such as quality, quantity, delivery time, and service levels.…”

Section: Electronic Procurementmentioning

confidence: 99%

Supply chain knowledge management supported by a simple knowledge organization system

Rodríguez-Enríquez

Alor-Hernández

Mejia-Miranda

et al. 2016

Electronic Commerce Research and Applications

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Section: Electronic Procurementmentioning

confidence: 99%

Supply chain knowledge management supported by a simple knowledge organization system

Rodríguez-Enríquez

Alor-Hernández

Mejia-Miranda

et al. 2016

Electronic Commerce Research and Applications

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“…The results were also proven by the simulation of real data from eBay. Rao et al [18] shifted attention from traditional indivisible goods to divisible goods, and a decision-making mechanism with a minimum bid increment method was introduced. The mechanism could enhance the authenticity of the attribute information given by the bidder.…”

Section: Literature Reviewmentioning

confidence: 99%

An Evolutionary Game Study of the Behavioral Management of Bid Evaluations in Reserve Auctions

Liu

Zhang

et al. 2020

IEEE Access

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Winner determination in current auctions is often performed separately by two groups: the technical expert group and the business expert group. In general, there is a strong negative correlation between technical and business attributes, and it will cause antagonistic feelings and noncooperative behaviors between the two groups under the premise of bounded rationality. First, this paper constructs a game model between the management department and experts and analyzes the conditions for achieving stable equilibrium solutions. Then, we analyze the evolutionary paths and the influencing factors of relevant behaviors based on evolutionary game theory, which reveals the influence from the individual to groups. Finally, to systematically and quantitatively study bid evaluation behaviors, a simulation system based on MATLAB GUI shows the influences on the evolutionary results as the initial conditions and decision parameters change. The study makes positive contributions to the management of bidding evaluations to improve the fairness of the bid evaluation mechanism.INDEX TERMS Grouped bid evaluation, evolutionary game theory, behavioral analysis, numerical simulation.

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“…Singh and Benyoucef [30] propose a multi-attribute decision making method based on an improved TOPSIS method to evaluate bids in MARAs. Rao et al [38] design a procurement decision making mechanism of divisible goods for MARAs, in which an optimization model to maximize the buyer's utility is employed to evaluate bids. Falagario et al [39] adopt a cross-efficiency evaluation based on an extended DEA method to evaluate bids in MARAs.…”

Section: Bid Evaluation In Marasmentioning

confidence: 99%

Sustainable Winner Determination for Public-Private Partnership Infrastructure Projects in Multi-Attribute Reverse Auctions

Gao

2018

Sustainability

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Selection of a sustainable private partner (contractor) is significant to ensure the success of public-private partnership (PPP) projects. In recent years, multi-attribute reverse auctions (MARAs) are widely used in public procurement to select the desirable contractor. However, the MARA mechanism is neglected in the existing studies. The purpose of this paper is to present a MARA framework for selecting a sustainable contractor in PPP infrastructure projects, in which the MARA rules and an integrated winner determination method are involved. In particular, the sustainability considerations are incorporated in the MARA rules, which can make the potential contractors have incentives to improve their sustainable performance. Within the MARA rules, based on the trapezoidal fuzzy linguistic representation model and the classical two-additive Choquet (TAC) integral operator, a winner determination method is developed to evaluate and rank potential contractors, in which both the bid evaluation and the interrelationships among bid evaluation attributes are considered. Finally, the potential of the proposed method is shown through an illustrative case of a PPP project of a subway construction in China. The MARA framework investigated helps governments make reliable decisions in sustainable procurement and thereby facilitates successful project delivery.Sustainability 2018, 10, 4129 2 of 20 guarantees to attract social capital and to prevent competition between similar projects [12]. When the projects are going well, the vast majority of investors have the tendency to carry out opportunism in their pursuit of monopoly profits by increasing prices, such as charging more fees in sewage treatment or highway projects, which is an overall detrimental to public interest [13]. As another example, there is less compensation for multiple government-sponsored infrastructure projects with the aim to serve the public rather than profit such as with a subway in Singapore [13], which results in investors facing the risk of high inputs with low returns. Consequently, investors may have no incentive or confidence to participate in the projects. Such PPP infrastructure projects have the potential risk of failure incurred by private investors Selecting the right partner is considered as a solution to ensure the success of the PPP projects from the origin [14,15]. It is essential for public sector, hereinafter referred to as the government, to evaluate the potential private sector, hereinafter referred to as the contractor, in PPP infrastructure projects. In government procurement, infrastructure projects cannot be allocated solely to the cheapest contractor.The key parameters considered include, but are not limited to, the technical attributes, such as the quality of the materials and the workmanship; the business attributes, such as the creditworthiness and the experience of the potential contractors; and the sustainability attributes, such as the design and impact of the project on local communities and the environment, solid waste manag...

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Procurement decision making mechanism of divisible goods based on multi-attribute auction

Cited by 29 publications

References 18 publications

Supply chain knowledge management supported by a simple knowledge organization system

Supply chain knowledge management supported by a simple knowledge organization system

An Evolutionary Game Study of the Behavioral Management of Bid Evaluations in Reserve Auctions

Sustainable Winner Determination for Public-Private Partnership Infrastructure Projects in Multi-Attribute Reverse Auctions

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