via a second-price procurement auction; call this the Standard auction. In the hope of lowering its purchase cost, the …

procurement approach, although managed forms of procurement provide a better framework. Our studies of projects that have adopted …

Allotment and subcontracting are the two alternative mechanisms enabling the participation of SMEs in procurement. We … compare these two alternatives in the context of a procurement contract awarded by a first-price sealed-bid auction. When the … winning large firm is constrained with respect to the degree of subcontracting, we show that only a reduction of the chosen …

We value the option of subcontracting to improve financial performance and system coordination by analyzing a … competitive stochastic investment game with recourse. The manufacturer and subcontractor decide separately on their capacity …-ante transfer price is set for each unit supplied by the subcontractor; (2) incomplete contracts, where both parties negotiate over …

globally integrated procurement organization to achieve global and local sourcing responsiveness and superior supplier working … relations. The study found that if a global procurement organization aspires to achieve exceptional supplier working relations …, it should be highly integrated across its geographic regions with knowledgeable global and local procurement personnel …

introduced. To prove this defect, we concentrate on two aspects of the retail sector. We discuss the present procurement and …

extent of vertical integration are gigantic. This paper undertakes a critical examination of its procurement process to … paper examines issues such as organizational structure, procurement organization, source selection methodology, procurement … oversight and regulation and their impact on the economy, efficiency, transparency and accountability aspects of procurement. It …