Chen-Ritzo, Ching-Hua; Harrison, Terry P.; Kwasnica, … - In: Management Science 51 (2005) 12, pp. 1753-1762
The majority of reverse auctions for procurement use a single-attribute (price) format while providing constraints on nonprice attributes such as quality and lead time. Alternatively, a buyer could choose to conduct a multiattribute auction where bidders can specify both a price and levels of...