Ledyard, John O. and Olson, Mark and Porter, David and Swanson, Joseph A. and Torma, David P. (2002) The First Use of a Combined-Value Auction for Transportation Services. Interfaces, 32 (5). pp. 4-12. ISSN 0092-2102. doi:10.1287/inte.32.5.4.30. https://resolver.caltech.edu/CaltechAUTHORS:20170809-132004799
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Abstract
Combined-value auctions (CVAs) allow participants to make an offer of a single amount for a collection of items. These auctions provide value to both buyers and sellers of goods or services in a number of environments, but they have rarely been implemented, perhaps because of lack of knowledge and experience. Sears Logistics Services (SLS) is the first procurer of trucking services to use a CVA to reduce its costs. In 1993, it saved 13 percent over past procurement practices. Experimental economics played a crucial role in the development, sale, and use of the CVA.
| Item Type: | Article | ||||||||||||
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| Additional Information: | © 2002 INFORMS. Published Online: October 1, 2002. | ||||||||||||
| Issue or Number: | 5 | ||||||||||||
| DOI: | 10.1287/inte.32.5.4.30 | ||||||||||||
| Record Number: | CaltechAUTHORS:20170809-132004799 | ||||||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20170809-132004799 | ||||||||||||
| Official Citation: | The First Use of a Combined-Value Auction for Transportation Services John O. Ledyard, Mark Olson, David Porter, Joseph A. Swanson, and David P. Torma Interfaces 200232:5 , 4-12 | ||||||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||||||||
| ID Code: | 80022 | ||||||||||||
| Collection: | CaltechAUTHORS | ||||||||||||
| Deposited By: | Tony Diaz | ||||||||||||
| Deposited On: | 09 Aug 2017 20:34 | ||||||||||||
| Last Modified: | 15 Nov 2021 17:52 |
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