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Combinatorial Auctions$
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Peter Cramton, Yoav Shoham, and Richard Steinberg

Print publication date: 2005

Print ISBN-13: 9780262033428

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262033428.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 21 September 2021

Industrial Procurement Auctions

Industrial Procurement Auctions

(p.593) 23 Industrial Procurement Auctions
Combinatorial Auctions

Martin Bichler

Andrew Davenport

Gail Hohner

Jayant Kalagnanam

The MIT Press

This chapter discusses the current practices being applied while using the combinatorial auctions (CAs) format for industrial procurement. It begins with a discussion of industrial procurement operations and defines the role of industrial procurement managers in the procurement process. The chapter emphasizes that software vendors and procurement managers in the business-to-business domain have started taking interest and even using CAs, but this format has not yet become a standard business practice. It describes features of procurement auction applications and current practice in this domain by providing a case study of procurement auctions at Mars, Incorporated. In this case study, the impact of the winner determination problem and allocation constraints on Mars is described.

Keywords:   combinatorial auctions, industrial procurement, Mars, Incorporated, winner determination problem, allocation constraints

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