Seifert, Stefan; Strecker, Stefan:

Multi-attribute bidding in electronic procurement: a laboratory study (extended abstract)

In: Ökonomik, Management und Corporate Governance, 65. Jahrestagung des Verbands der Hochschullehrer für Betriebswirtschaft, Universität Zürich
Zürich (2003), S. 299-302
Buchaufsatz / Kapitel / Fach: Wirtschaftswissenschaften
Abstract:
Recent advances in information technology facilitate the implementation
	of novel negotiation protocols between a buyer and multiple suppliers
	similar to “Request for Quote” processes. In these electronic multi-attribute
	procurement auctions, the buyer specifies her preference trade-offs
	among multiple attributes of an object including the price by revealing
	a scoring rule (Bichler 2001). During the auction, the buyer solicits
	multidimensional bids from invited suppliers. An auction institution
	designates the contract to the supplier who provides the highest
	overall utility score to the buyer. Despite first practical applications
	(Bichler 1999; Snir 2000), the design of multi-attribute auctions
	remains a challenge.

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