Relationship preserving auction for repeated e-procurement

• Main Authors: Park J., Lee J., Lau H.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: Auction; E-procurement; Supplier relationship; Artificial Intelligence and Robotics; Computer Sciences; E-Commerce
• Online Access: https://ink.library.smu.edu.sg/sis_research/3338; https://ink.library.smu.edu.sg/context/sis_research/article/4340/viewcontent/RelationshipPreservingAuction.pdf
• Institution: Singapore Management University

While e-procurement auction has helped firms to achieve lower procurement costs, auction mechanisms that prevail at present in procurement markets need to address an important issue that concerns the ability to maintain long term relationships with the partners, especially in repeated e-procurement...