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Editorial Reviews
Review
'Auction theory has a crucial role in designing practical procurement strategies. With its distinguished list of editors and contributors, and its focus on translating theoretical results into practical conclusions, this volume seems certain to become an essential reference for practitioners.' Paul Klemperer, Edgeworth Professor of Economics, Oxford University, and author of Auctions: Theory and Practice
'The Handbook of Procurement is just what the field of public procurement needs at the present moment in its history. It covers essential elements of public procurement including competitive tendering strategies and procurement transparency.' Khi V. Thai, Florida Atlantic University, and Editor-in-Chief, Journal of Public Procurement
'A very useful textbook, combining theory, innovative research into international public procurement and practical advice into a single volume. There are useful sections for procurement professionals on the theory behind dynamic procurement systems - and auctions in particular.' Hugh Barrett, Chief Executive of OGCbuying.solutions
Product Description
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 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. It will also be a key reference for MBA courses related to procurement design and supply chain management.
See all Editorial Reviews
'Auction theory has a crucial role in designing practical procurement strategies. With its distinguished list of editors and contributors, and its focus on translating theoretical results into practical conclusions, this volume seems certain to become an essential reference for practitioners.' Paul Klemperer, Edgeworth Professor of Economics, Oxford University, and author of Auctions: Theory and Practice
'The Handbook of Procurement is just what the field of public procurement needs at the present moment in its history. It covers essential elements of public procurement including competitive tendering strategies and procurement transparency.' Khi V. Thai, Florida Atlantic University, and Editor-in-Chief, Journal of Public Procurement
'A very useful textbook, combining theory, innovative research into international public procurement and practical advice into a single volume. There are useful sections for procurement professionals on the theory behind dynamic procurement systems - and auctions in particular.' Hugh Barrett, Chief Executive of OGCbuying.solutions
Product Description
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 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. It will also be a key reference for MBA courses related to procurement design and supply chain management.
See all Editorial Reviews
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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sealed bid tendering, awarding price, insolvent suppliers, scoring auctions, strong positive complementarities, proxy round, optimal reserve price, entry reputation, leading breadth, proxy auction, linear scoring rule, total public procurement, descending clock auction, competitive tendering design, bid scoring, decision information costs, price competitive tendering, bid decrements, package bidding, descending auction, dynamic auction, integrated buyer, different scoring rules, collusive gain, bidding ring Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Journal of Economics, American Economic Review, Combinatorial Auctions, New York, European Commission, Journal of Political Economy, Peter Cramton, Management Science, Review of Economic Studies, Cambridge University Press, International Journal of Industrial Organization, Journal of Law, Princeton University Press, Federal Acquisition Regulation, Paul Milgrom, Richard Steinberg, Yoav Shoham, Academic Press, Addyston Pipe, European Directive, Gian Luigi Albano, Nicola Dimitri, Office of Government Commerce, Putting Auction Theory New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
sealed bid tendering, awarding price, insolvent suppliers, scoring auctions, strong positive complementarities, proxy round, optimal reserve price, entry reputation, leading breadth, proxy auction, linear scoring rule, total public procurement, descending clock auction, competitive tendering design, bid scoring, decision information costs, price competitive tendering, bid decrements, package bidding, descending auction, dynamic auction, integrated buyer, different scoring rules, collusive gain, bidding ring Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Journal of Economics, American Economic Review, Combinatorial Auctions, New York, European Commission, Journal of Political Economy, Peter Cramton, Management Science, Review of Economic Studies, Cambridge University Press, International Journal of Industrial Organization, Journal of Law, Princeton University Press, Federal Acquisition Regulation, Paul Milgrom, Richard Steinberg, Yoav Shoham, Academic Press, Addyston Pipe, European Directive, Gian Luigi Albano, Nicola Dimitri, Office of Government Commerce, Putting Auction Theory New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
Citations (learn more)
This book cites 52
books:
See all 52 books this book cites
- Auction Theory by Vijay Krishna on 6 pages
- Auctions: Theory and Practice (The Toulouse Lectures in Economics) by Paul Klemperer on 6 pages
- Putting Auction Theory to Work (Churchill Lectures in Economics) by Paul Milgrom on 6 pages
- Combinatorial Auctions by Peter Cramton on page 218, page 244, and page 409
- Theory of Incentives: v. 2 by Jean-Jacques Laffont on page 119, page 139, and page 444
See all 52 books this book cites
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