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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

Chapter:
(p.593) 23 Industrial Procurement Auctions
Source:
Combinatorial Auctions
Author(s):

Martin Bichler

Andrew Davenport

Gail Hohner

Jayant Kalagnanam

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262033428.003.0024

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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