We consider a manufacturer who uses a reverse, or procurement, auction to determine which supplier will be awarded a contract. Each bid consists of a price and a set of non price attributes (e.g., quality, lead time). The manufacturer is assumed to know the parametric form of the suppliers' cost...

In a 2008 survey of 138 companies, 58% reported that they suffered financial losses within the last year due to a supply disruption. This article emphasizes the challenges and opportunities in supply risk management arising from the decentralized nature of supply chains and highlight how supply...

We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term supply contracts among a cohort of suppliers (i.e., the supply base). To mitigate significant cost shocks to procurement, the buyer can diversify her supply base by selecting...

We report the results of a novel protocol for running online experiments using a combination of an online experimental platform in parallel with web-conferencing software in two formats - with and without subject webcams - to improve subject attention and engagement. We compare results between...

1. Problem definition: This paper studies how teams make operational decisions in two canonical settings: standalone Newsvendor inventory decisions (tactical decision-making) and Newsvendor under information sharing (strategic decision-making). 2. Academic / Practical Relevance: Team...

We experimentally study individuals' dynamic resource allocation decisions under a budget constraint, using product development as the decision context. During the development process, a series of design opportunities will emerge to improve the product with extra engineering costs. These...

We consider sealed and open-bid total-cost procurement auctions where two attributes are used for contract award decisions: price, which is bid by the supplier; and a fixed quality adjustment cost, which is included by the buyer to capture non-price factors such as a supplier's quality and...

This paper studies the role of seekers' problem specification in crowdsourcing contests for design problems. Platforms hosting design contests offer detailed guidance for seekers to specify their problems when launching a contest. Yet, problem specification in such crowdsourcing contests is...