IDEAS home Printed from https://ideas.repec.org/a/eee/ejores/v175y2006i1p90-100.html
   My bibliography  Save this article

A multi-attribute e-auction mechanism for procurement: Theoretical foundations

Author

Listed:
  • Teich, Jeffrey E.
  • Wallenius, Hannele
  • Wallenius, Jyrki
  • Zaitsev, Alexander

Abstract

No abstract is available for this item.

Suggested Citation

  • Teich, Jeffrey E. & Wallenius, Hannele & Wallenius, Jyrki & Zaitsev, Alexander, 2006. "A multi-attribute e-auction mechanism for procurement: Theoretical foundations," European Journal of Operational Research, Elsevier, vol. 175(1), pages 90-100, November.
    • Handle: RePEc:eee:ejores:v:175:y:2006:i:1:p:90-100
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0377-2217(05)00416-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yeon-Koo Che, 1993. "Design Competition through Multidimensional Auctions," RAND Journal of Economics, The RAND Corporation, vol. 24(4), pages 668-680, Winter.
    2. Teich, Jeffrey E. & Wallenius, Hannele & Wallenius, Jyrki & Koppius, Otto R., 2004. "Emerging multiple issue e-auctions," European Journal of Operational Research, Elsevier, vol. 159(1), pages 1-16, November.
    3. Sven de Vries & Rakesh V. Vohra, 2003. "Combinatorial Auctions: A Survey," INFORMS Journal on Computing, INFORMS, vol. 15(3), pages 284-309, August.
    4. Bichler,Martin, 2001. "The Future of e-Markets," Cambridge Books, Cambridge University Press, number 9780521003834.
    5. David Lucking-Reiley, 1999. "Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet," American Economic Review, American Economic Association, vol. 89(5), pages 1063-1080, December.
    6. Damian R. Beil & Lawrence M. Wein, 2003. "An Inverse-Optimization-Based Auction Mechanism to Support a Multiattribute RFQ Process," Management Science, INFORMS, vol. 49(11), pages 1529-1545, November.
    7. Michael H. Rothkopf & Ronald M. Harstad, 1994. "Modeling Competitive Bidding: A Critical Essay," Management Science, INFORMS, vol. 40(3), pages 364-384, March.
    8. Fernando Branco, 1997. "The Design of Multidimensional Auctions," RAND Journal of Economics, The RAND Corporation, vol. 28(1), pages 63-81, Spring.
    9. Thiel, Stuart E., 1988. "Multidimensional auctions," Economics Letters, Elsevier, vol. 28(1), pages 37-40.
    10. Milgrom, Paul, 1989. "Auctions and Bidding: A Primer," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 3-22, Summer.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Banerjee, Simanti & Conte, Marc N., 2017. "Balancing Complexity and Rent-Seeking in Multi-Attribute Conservation Procurement Auctions: Evidence from a Laboratory Experiment," 2018 Allied Social Sciences Association (ASSA) Annual Meeting, January 5-7, 2018, Philadelphia, Pennsylvania 266293, Agricultural and Applied Economics Association.
    2. Włodzimierz Ogryczak & Bartosz Kozłowski, 2011. "Reference point method with importance weighted ordered partial achievements," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 19(2), pages 380-401, December.
    3. Narasimhan, Ram & Talluri, Srinivas & Mahapatra, Santosh, 2008. "Effective response to RFQs and supplier development: A supplier's perspective," International Journal of Production Economics, Elsevier, vol. 115(2), pages 461-470, October.
    4. Koen V. Hindriks & Dmytro Tykhonov & Mathijs M. Weerdt, 2012. "Qualitative One-to-Many Multi-Issue Negotiation: Approximating the QVA," Group Decision and Negotiation, Springer, vol. 21(1), pages 49-77, January.
    5. Gülpınar, N. & Oliveira, F.S., 2012. "Robust trading in spot and forward oligopolistic markets," International Journal of Production Economics, Elsevier, vol. 138(1), pages 35-45.
    6. Soumyakanti Chakraborty & Anup K. Sen & Amitava Bagchi, 2015. "Addressing the valuation problem in multi-round combinatorial auctions," Information Systems Frontiers, Springer, vol. 17(5), pages 1145-1160, October.
    7. Oliveira, Fernando S., 2017. "Strategic procurement in spot and forward markets considering regulation and capacity constraints," European Journal of Operational Research, Elsevier, vol. 261(2), pages 540-548.
    8. Gülşah Karakaya & Murat Köksalan, 2016. "An interactive approach for Bi-attribute multi-item auctions," Annals of Operations Research, Springer, vol. 245(1), pages 97-119, October.
    9. Shilei Wang & Ying Ji & M. I. M. Wahab & Dan Xu & Changbao Zhou, 2022. "A New Decision Framework of Online Multi-Attribute Reverse Auctions for Green Supplier Selection under Mixed Uncertainty," Sustainability, MDPI, vol. 14(24), pages 1-23, December.
    10. Lorentziadis, Panos L., 2020. "Competitive bidding in asymmetric multidimensional public procurement," European Journal of Operational Research, Elsevier, vol. 282(1), pages 211-220.
    11. Gregory E. Kersten, 2014. "Multiattribute Procurement Auctions: Efficiency and Social Welfare in Theory and Practice," Decision Analysis, INFORMS, vol. 11(4), pages 215-232, December.
    12. Li, Yung-Ming & Jhang-Li, Jhih-Hua, 2011. "Analyzing online B2B exchange markets: Asymmetric cost and incomplete information," European Journal of Operational Research, Elsevier, vol. 214(3), pages 722-731, November.
    13. Ervasti, Valtteri & Leskelä, Riikka-Leena, 2010. "Allocative efficiency in simulated multiple-unit combinatorial auctions with quantity support," European Journal of Operational Research, Elsevier, vol. 203(1), pages 251-260, May.
    14. Butler, John C. & Dyer, James S. & Jia, Jianmin & Tomak, Kerem, 2008. "Enabling e-transactions with multi-attribute preference models," European Journal of Operational Research, Elsevier, vol. 186(2), pages 748-765, April.
    15. Pham, Long & Teich, Jeffrey & Wallenius, Hannele & Wallenius, Jyrki, 2015. "Multi-attribute online reverse auctions: Recent research trends," European Journal of Operational Research, Elsevier, vol. 242(1), pages 1-9.
    16. Li, Ying & Gupta, Sudheer, 2011. "Strategic capability investments and competition for supply contracts," European Journal of Operational Research, Elsevier, vol. 214(2), pages 273-283, October.
    17. Schellhorn, Henry, 2011. "A trading mechanism contingent on several indices," European Journal of Operational Research, Elsevier, vol. 213(3), pages 551-558, September.
    18. Romero Morales, Dolores & Steinberg, Richard, 2014. "Revenue deficiency under second-price auctions in a supply-chain setting," European Journal of Operational Research, Elsevier, vol. 233(1), pages 131-144.
    19. Jens Leth Hougaard & Kurt Nielsen & Athanasios Papakonstantinou, 2016. "A Sealed-Bid Two-Attribute Yardstick Auction Without Prior Scoring," Group Decision and Negotiation, Springer, vol. 25(4), pages 827-843, July.
    20. repec:wut:journl:v:3:y:2013:id:1096 is not listed on IDEAS
    21. Jens Leth Hougaard & Kurt Nielsen & Athanasios Papakonstantinou, 2013. "A Multi-attribute Yardstick Auction without Prior Scoring," MSAP Working Paper Series 02_2013, University of Copenhagen, Department of Food and Resource Economics, revised Mar 2014.
    22. Schneider, Frank, 2008. "Multiple criteria decision making in application layer networks," Bayreuth Reports on Information Systems Management 36, University of Bayreuth, Chair of Information Systems Management.
    23. Cheng, Chi-Bin, 2011. "Reverse auction with buyer-supplier negotiation using bi-level distributed programming," European Journal of Operational Research, Elsevier, vol. 211(3), pages 601-611, June.
    24. Huang, Min & Qian, Xiaohu & Fang, Shu-Cherng & Wang, Xingwei, 2016. "Winner determination for risk aversion buyers in multi-attribute reverse auction," Omega, Elsevier, vol. 59(PB), pages 184-200.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Teich, Jeffrey E. & Wallenius, Hannele & Wallenius, Jyrki & Koppius, Otto R., 2004. "Emerging multiple issue e-auctions," European Journal of Operational Research, Elsevier, vol. 159(1), pages 1-16, November.
    2. Teich, J.E. & Wallenius, H. & Wallenius, J. & Koppius, O.R., 2003. "Emerging Multiple e-Auctions," ERIM Report Series Research in Management ERS-2003-058-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    3. Edieal J. Pinker & Abraham Seidmann & Yaniv Vakrat, 2003. "Managing Online Auctions: Current Business and Research Issues," Management Science, INFORMS, vol. 49(11), pages 1457-1484, November.
    4. Cheng, Chi-Bin, 2011. "Reverse auction with buyer-supplier negotiation using bi-level distributed programming," European Journal of Operational Research, Elsevier, vol. 211(3), pages 601-611, June.
    5. Pham, Long & Teich, Jeffrey & Wallenius, Hannele & Wallenius, Jyrki, 2015. "Multi-attribute online reverse auctions: Recent research trends," European Journal of Operational Research, Elsevier, vol. 242(1), pages 1-9.
    6. Kameshwaran, S. & Narahari, Y. & Rosa, Charles H. & Kulkarni, Devadatta M. & Tew, Jeffrey D., 2007. "Multiattribute electronic procurement using goal programming," European Journal of Operational Research, Elsevier, vol. 179(2), pages 518-536, June.
    7. Alessandro Avenali & Giorgio Matteucci & Fabio Nonino, 2010. "Outsourcing of Facility Management Activities and Procurement Design," DIS Technical Reports 2010-13, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    8. Narasimhan, Ram & Talluri, Srinivas & Mahapatra, Santosh, 2008. "Effective response to RFQs and supplier development: A supplier's perspective," International Journal of Production Economics, Elsevier, vol. 115(2), pages 461-470, October.
    9. Perrone, G. & Roma, P. & Lo Nigro, G., 2010. "Designing multi-attribute auctions for engineering services procurement in new product development in the automotive context," International Journal of Production Economics, Elsevier, vol. 124(1), pages 20-31, March.
    10. Vergamini, Daniele & Viaggi, Davide & Raggi, Meri, 2016. "Agri-environmental measures and farmers’ rent: evaluating the potential contribution of auctions to increase the efficiency of Agri-environmental schemes in Emilia-Romagna (Italy)," 2016 Fifth AIEAA Congress, June 16-17, 2016, Bologna, Italy 242443, Italian Association of Agricultural and Applied Economics (AIEAA).
    11. Martin Bichler & Alexander Pikovsky & Thomas Setzer, 2009. "An Analysis of Design Problems in Combinatorial Procurement Auctions," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 1(1), pages 111-117, February.
    12. Bogetoft, Peter & Nielsen, Kurt, 2003. "Yardstick Based Procurement Design In Natural Resource Management," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25910, International Association of Agricultural Economists.
    13. David C. Parkes & Jayant Kalagnanam, 2005. "Models for Iterative Multiattribute Procurement Auctions," Management Science, INFORMS, vol. 51(3), pages 435-451, March.
    14. Ching-Hua Chen-Ritzo & Terry P. Harrison & Anthony M. Kwasnica & Douglas J. Thomas, 2005. "Better, Faster, Cheaper: An Experimental Analysis of a Multiattribute Reverse Auction Mechanism with Restricted Information Feedback," Management Science, INFORMS, vol. 51(12), pages 1753-1762, December.
    15. Wang, Mingxi & Liu, Shulin, 2014. "Equilibrium bids in practical multi-attribute auctions," Economics Letters, Elsevier, vol. 123(3), pages 352-355.
    16. Walley, Matthew J.C. & Fortin, David R., 2005. "Behavioral outcomes from online auctions: reserve price, reserve disclosure, and initial bidding influences in the decision process," Journal of Business Research, Elsevier, vol. 58(10), pages 1409-1418, October.
    17. Park, Sunju & Rothkopf, Michael H., 2005. "Auctions with bidder-determined allowable combinations," European Journal of Operational Research, Elsevier, vol. 161(2), pages 399-415, March.
    18. Jens Leth Hougaard & Kurt Nielsen & Athanasios Papakonstantinou, 2013. "A Multi-attribute Yardstick Auction without Prior Scoring," MSAP Working Paper Series 02_2013, University of Copenhagen, Department of Food and Resource Economics, revised Mar 2014.
    19. Roberto Burguet, 2000. "Auction theory: a guided tour," Investigaciones Economicas, Fundación SEPI, vol. 24(1), pages 3-50, January.
    20. Dimitris Kostamis & Damian R. Beil & Izak Duenyas, 2009. "Total-Cost Procurement Auctions: Impact of Suppliers' Cost Adjustments on Auction Format Choice," Management Science, INFORMS, vol. 55(12), pages 1985-1999, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:175:y:2006:i:1:p:90-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.