An Iterative Procurement Combinatorial Auction Mechanism for the Multi-Item, Multi-Sourcing Supplier-Selection and Order-Allocation Problem under a Flexible Bidding Language and Price-Sensitive Demand

This study addresses the multi-item, multi-sourcing supplier-selection and order-allocation problem. We propose an iterative procurement combinatorial auction mechanism that aims to reveal the suppliers’ minimum acceptable selling prices and assign orders optimally. Suppliers use a flexible bidding...

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Auteurs principaux:	Omar Abbaas, Jose A. Ventura
Format:	Artigo
Langue:	Inglês
Publié:	MDPI AG 2024-07-01
Collection:	Mathematics
Sujets:	supplier selection order allocation reverse combinatorial auction iterative auction mechanism procurement flexible bidding language
Accès en ligne:	https://www.mdpi.com/2227-7390/12/14/2228
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