Topic
Procurement
About: Procurement is a research topic. Over the lifetime, 25669 publications have been published within this topic receiving 334145 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: In this article, a novel approach to fossil fuel procurement is proposed to determine to what extent the utility industry has been an efficient utilizer of scarce resources, and the implications of this study have relevance to the managers of the utilities, to the public regulatory commissions and to students of the industry.
Abstract: study is to inject a novel approach to fossil fuel procurement, and to determine to what extent the utility industry has been an efficient utilizer of scarce resources. The implications of this study have relevance to the managers of the utility industry, to the public regulatory commissions and to students of the industry. Section I deals briefly with some of the characteristics of the industry and indicates the relationship of portfolio theory to fossil fuel mix. Section II reviews the methodology and data used in the study, while Section III contains the empirical results and an analysis of them. A theoretical extension is introduced in Section IV where the notion of the Capital Market Line as it applies to fuel diversification is interpreted. Section V contains a summary and implications of the paper.
170 citations
TL;DR: In this paper, the authors present a case study demonstrating the former approach within the construction industry and support the integration of the Framework for Sustainable Strategic Development (FSSD) into construction procurement, as a method for implementing bottom up leadership in a value driven project.
170 citations
TL;DR: Using auction theory, a theoretical model is developed that relates market characteristics to bidding and transaction behavior, taking into account costly bidding, and shows that higher-value projects attract significantly more bids, with lower average quality.
Abstract: Internet-enabled markets are becoming viable venues for procurement of professional services. We investigate bidding behavior within the most active area of these early knowledge markets--the market for software development. These markets are important both because they provide an early view of the effectiveness of online service markets and because they have a potentially large impact on how software development services are procured and provided. Using auction theory, we develop a theoretical model that relates market characteristics to bidding and transaction behavior, taking into account costly bidding. We then test our model using data from an active online market for software development services, which yields contracts for 30%--40% of posted projects. In its current format, however, the studied market may induce excessive bidding by vendors. Consistent with our theoretical predictions and those of Carr (2003), higher-value projects attract significantly more bids, with lower average quality. Greater numbers of bids raise the cost to all participants, due to costly bidding and bid evaluation. Perhaps as a consequence, higher-value projects are also much less likely to be awarded.
170 citations
Book•
20 Feb 2007
TL;DR: In this paper, the authors present a survey of public-private partnership in the context of infrastructure and transport systems in Europe and the USA, focusing on the following: 1.1 Public-private spectrum, 1.2 The functioning of PPPs, 2.3 Construction sector PPP, 3.4 Problems in PPP practice, 2,2 Process performance, 3,4.5 Lessons, 6.5.
Abstract: Preface. Acknowledgements. Introduction: 1.1 Public-private spectrum, 1.2 History, 1.3 Global perspective, 1.4 Structure of this book, References. Characteristics of Public-Private Partnerships 2.1 Definitions, 2.2 General characteristics of PPPs, 2.2.1 Creating PPPs, 2.2.2 The functioning of PPPs, 2.3 Construction sector PPPs, 2.4 Problems in PPP practice, 2.4.1 Product performance, 2.4.2 Process performance, 2.5 Summary, References. Procurement Systems in Construction: Europe and USA 3.1 Procurement in construction, 3.2 PPP procurement systems, 3.2.1 Concessions, 3.2.2 Joint ventures, 3.2.3 Comparison, 3.3 European and American context, 3.3.1 Europe, 3.3.2 USA, 3.4 Summary, References. Concessions 4.1 Concept of concession arrangements, 4.2 State of the art, 4.2.1 United Kingdom, 4.2.2 Spain, 4.2.3 Portugal, 4.2.4 The Netherlands, 4.2.5 United States of America, 4.2.6 Other countries, 4.3 Value for money and motives, 4.3.1 United Kingdom, 4.3.2 Spain, 4.3.3 Portugal, 4.3.4 The Netherlands, 4.3.5 United States of America, 4.4 Tender and selection procedures, 4.4.1 Spanish system, 4.4.2 Anglo-Saxon model, 4.5 Performance of concession PPPs, 4.5.1 Product performance, 4.5.2 Process performance, 4.6 Lessons, 4.6.1 Conditions for success, 4.6.2 Improvements, 4.7 Summary,References. Highlighted: Concession Projects in Europe 5.1 European policy, 5.2 Concessions in schools: the case of Montaigne Lyceum, 5.3 Concessions in transport infrastructure: the case of Metro de Sevilla, 5.4 Concessions in hospitals: the case of West Middlesex University Hospital, 5.5 PPP in infrastructure: Europe, 5.5.1 Creating concession PPPs, 5.5.2 Procurement rules and selection criteria, 5.5.3 Performance, 5.6 Summary, References. Joint Ventures 6.1 Project-based joint ventures, 6.1.1 Characteristics, 6.1.2 Motives, 6.2 Complex urban area development, 6.2.1 Multi-function approach, 6.2.3 Multi-actor approach, 6.3 Organizational aspects of joint venture PPPs, 6.3.1 Scope and balancing, 6.3.2 Phasing and procedures, 6.3.3 Procurement and risks, 6.4 Performance of joint venture PPPs, 6.4.1 Product performance, 6.4.2 Process performance, 6.5 Lessons, 6.5.1 Conditions for success, 6.5.2 Improvements, 6.6 Summary, References. Highlighted: Joint Ventures Projects in the USA 7.1 American urban and regional policy, 7.1.1 Smart Growth, 7.1.2 New Urbanism, 7.2 Joint ventures in city redevelopment: the case of Baltimore, 7.3 Joint ventures in Transit Oriented Development: the case of Portland, 7.3.1 TOD characteristics, 7.3.2 TOD key points, 7.3.3 MAX Light Rail Project: Portland, Oregon, 7.4 PPP in complex urban area development: USA, 7.4.1 Creating joint venture PPPs, 7.4.2 Social and commercial benefits, 7.4.3 Performance, 7.5 Summary, References... The future of Public-Private Partnerships 8.1 Lessons, 8.1.1 Expectations, 8.1.2 Value for money, 8.1.3 General lessons, 8.2 Scope of PPPs, 8.3 Portfolio strategies, 8.3.1 Programs, 8.3.2 Regions, 8.4 Examples of portfolio partnerships, 8.4.1 NHS Local Improvement Finance Trust, 8.4.2 Schools for the Future, 8.5 Enhance PPPs, 8.5.1 New trends in PPPs, 8.5.2 PPP as a strategic choice, 8.5.3 Research agenda for the future, 8.6 Closing remarks. Bibliography. Index.
169 citations
TL;DR: In this paper, the authors present the analysis from a study into the key lessons learned from e-procurement implementation across a range of UK public sector organisations, identifying five main themes addressed by the current literature: impact on cost efficiency; the impact on the form and nature of supplier transaction; e-procurement system implementation; broader IT infrastructure issues; and the behavioural and relational impact of e- Procurement.
Abstract: This paper presents the analysis from a study into the key lessons learned from e-procurement implementation across a range of UK public sector organisations. The literature relating to e-procurement implementation and operation is reviewed, identifying five main themes addressed by the current literature: impact on cost efficiency; the impact on the form and nature of supplier transaction; e-procurement system implementation; broader IT infrastructure issues; and the behavioural and relational impact of eprocurement. The research carried out was intended to explore the perceptions and reflections of both 'early' and 'late' adopters of e-procurement. Seven key lessons are drawn from the study and presented here. We conclude by proposing areas for further research, including the need for research into failed eprocurement projects.
168 citations