Saving Millions in Government Procurement Through Data Science and Market Design-Reference-Cited by-同舟云学术

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Saving Millions in Government Procurement Through Data Science and Market Design

Published:2024-09-13 Issue: Volume: Page:
ISSN:2644-0865
Container-title:INFORMS Journal on Applied Analytics
language:en
Short-container-title:INFORMS Journal on Applied Analytics

Author:

Olivares Marcelo¹²^ORCID,Saban Daniela³,Weintraub Gabriel Y.³,Lara Eduardo²⁴,Zanocco Piero⁵,Moreno Paula⁶

Affiliation:

1. Facultad de Economia y Negocios, Universidad de Chile, Santiago 8330015, Chile;

2. Instituto Sistemas Complejos de Ingenieria, Santiago 8370398, Chile;

3. Graduate School of Business, Stanford University, Stanford, California 94304;

4. Ingenieria Industrial, Universidad de Chile, Santiago 8330015, Chile;

5. Haas School of Business, Berkeley, California 94720;

6. ChileCompra, Santiago 8320113, Chile

Abstract

Framework agreements (FAs) are widely used procurement mechanisms in both the private and public sectors. We redesigned the Chilean FA market using an experimental design, which led to a broad implementation. Extrapolating the pilot’s success, the redesign saved approximately $74 million in 2022.

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

Link

https://pubsonline.informs.org/doi/pdf/10.1287/inte.2023.0002

Reference18 articles.

1. The Law and Economics of Framework Agreements

2. The Design of Optimal Pay-as-Bid Procurement Mechanisms

3. Why Regulate Utilities?

4. Handbook of Procurement

5. The Continuing Impact of Sherwin Rosen’s “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition”

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