Abstract

A method for solving the winner determination problem(WDP) in multi-attribute procurement auctions is proposed, based on technical and business experts’ evaluation information. Firstly,on the background of procurements in China, a multi-attribute procurement auction mechanism is presented, where technical and business experts participate in the bid evaluation. Then, the concept of TOPSIS is used to determine the positive and negative ideal points of the WDP according to bid prices, the technical and business experts’ evaluation information. Further, the closeness coefficient of each bidder(candidate supplier) is obtained by calculating the distances to the positive and negative ideal points. Thus,the winning supplier can be determined according to the closeness coefficients. Finally, a numerical example is used to illustrate the use of the proposed method.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.