主管:中国科学院
主办:中国优选法统筹法与经济数学研究会
   中国科学院科技战略咨询研究院

Chinese Journal of Management Science ›› 2009, Vol. 17 ›› Issue (1): 183-192.

Previous Articles    

Multi-Attribute Procurement Auction Theory and Application: A Review with Comments

LIU Shu-lin, WANG Ming-xi   

  1. School of International Economics and Trade, University of International Business and Economics, Beijing 100029, China
  • Received:2008-03-17 Revised:2008-12-17 Online:2009-02-28 Published:2009-02-28

Abstract: Procurement auctions in which the winner is determined based on the sole price criterion have not satisfied the procurement requirements for many industries in the real world Practically, to select the winner, in addition to the price, other important non-price attributes of the procured objects(including other cost attributes and benefit attributes) are often considered, such as quality, delivery time, and delivery terms and conditions.Thus, studies on multi-attribute auction theory become crucial.However, extension from traditional auctions to multi-attribute auctions has given rise to a series of challenge problems.In this paper, widespread applications and theoretical problems of multi-attribute auctions are presented.The multi-attribute auction models are divided into two groups(i.e., game-theoretical and decision-theoretical models).Assumptions, main ideas, and conclusions of literature related to the two groups of models are reviewed and commented.

Key words: procurement auction, winner determination, multi-attribute decision making

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