Three Quantitative Management Problems in Public Procurement and Decision Procedures for their Analysis and Solving

Three management problems that a state (or a public administration acting on its behalf) faces in procuring goods and/or services are considered: a) choosing the type of a contract to be awarded and the type of a competitive bidding to determine the winning bid, b) setting the initial price for a co...

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Bibliographic Details
Main Author: Belenky, Alexander S.
Other Authors: Massachusetts Institute of Technology. Engineering Systems Division
Format: Article
Language:en_US
Published: Elsevier 2014
Online Access:http://hdl.handle.net/1721.1/90423
https://orcid.org/0000-0002-2441-6751
Description
Summary:Three management problems that a state (or a public administration acting on its behalf) faces in procuring goods and/or services are considered: a) choosing the type of a contract to be awarded and the type of a competitive bidding to determine the winning bid, b) setting the initial price for a contract being the subject of the bidding, and c) designing (or choosing) a set of rules for determining the winning bid by means of the chosen competitive bidding. Mathematical models and decision procedures for analyzing and solving these problems are discussed.