This paper considers a general setting for structured procurement and the problem a buyer faces in designing a procurement mechanism to maximize profit. This brings together two a...
Matthew Cary, Abraham D. Flaxman, Jason D. Hartlin...
Traditional auctions such as the English and first-price sealed-bid auctions have been adopted as another tool for procurement negotiations. Throughout the past decade many new auc...
Abstract: The current art in optimal combinatorial auctions is limited to handling the case of single units of multiple items, with each bidder bidding on exactly one bundle (singl...
: We consider two mechanisms to procure differentiated goods: the request for quote and an English auction with bidding credits. In the request for quote, each seller submits a pri...
Procurement is one of the major activities in the Manufacturing Resource Planning (MRP II), which is closely coupled with inventory management. Any improvement in this area will h...