Empirical Problems of Savings Calculation in Electronic Reverse Auction

Abstract: The impact of reverse auction adoption has been a very important issue recently and is the subject of many studies. We are extending research results in the field of empirical studies by examining problems with reliability of methods for cost savings calculation of electronic reverse aucti...

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Autores principales:	Delina,Radoslav, Grof,Marek
Lenguaje:	English
Publicado:	Universidad de Talca 2019
Materias:	Electronic reverse auction Measurement Savings Reliability Procurement
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200111
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spelling	oai:scielo:S0718-187620190002001112019-12-17Empirical Problems of Savings Calculation in Electronic Reverse AuctionDelina,RadoslavGrof,Marek Electronic reverse auction Measurement Savings Reliability Procurement Abstract: The impact of reverse auction adoption has been a very important issue recently and is the subject of many studies. We are extending research results in the field of empirical studies by examining problems with reliability of methods for cost savings calculation of electronic reverse auction adoption in business processes. Reliability of savings proclamation in research studies or promotional materials is crucial for understanding real impact, benchmarking studies or comparison of several auction strategies from different auction environments. From our experience and empirical examinations, the problem for savings calculations is based on reliability and suitability of comparative or sometimes called expected price as the core factor for savings calculations when comparing with winning price. Our empirical study was based on real data from 1198 reverse auctions in Slovak commercial sector. On the base of our study, the most frequent strategy for electronic reverse auction adoption is multi-phase auction with first phase using sealed bid format. We have identified that reliability of using comparative prices as parameter for cost savings calculations vary according to different auction situations or settings and number of participants, auction volume and ratio of new participants are very sensitive for the reliability of savings calculations.info:eu-repo/semantics/openAccessUniversidad de TalcaJournal of theoretical and applied electronic commerce research v.14 n.2 20192019-01-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200111en10.4067/S0718-18762019000200111
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Electronic reverse auction Measurement Savings Reliability Procurement
spellingShingle	Electronic reverse auction Measurement Savings Reliability Procurement Delina,Radoslav Grof,Marek Empirical Problems of Savings Calculation in Electronic Reverse Auction
description	Abstract: The impact of reverse auction adoption has been a very important issue recently and is the subject of many studies. We are extending research results in the field of empirical studies by examining problems with reliability of methods for cost savings calculation of electronic reverse auction adoption in business processes. Reliability of savings proclamation in research studies or promotional materials is crucial for understanding real impact, benchmarking studies or comparison of several auction strategies from different auction environments. From our experience and empirical examinations, the problem for savings calculations is based on reliability and suitability of comparative or sometimes called expected price as the core factor for savings calculations when comparing with winning price. Our empirical study was based on real data from 1198 reverse auctions in Slovak commercial sector. On the base of our study, the most frequent strategy for electronic reverse auction adoption is multi-phase auction with first phase using sealed bid format. We have identified that reliability of using comparative prices as parameter for cost savings calculations vary according to different auction situations or settings and number of participants, auction volume and ratio of new participants are very sensitive for the reliability of savings calculations.
author	Delina,Radoslav Grof,Marek
author_facet	Delina,Radoslav Grof,Marek
author_sort	Delina,Radoslav
title	Empirical Problems of Savings Calculation in Electronic Reverse Auction
title_short	Empirical Problems of Savings Calculation in Electronic Reverse Auction
title_full	Empirical Problems of Savings Calculation in Electronic Reverse Auction
title_fullStr	Empirical Problems of Savings Calculation in Electronic Reverse Auction
title_full_unstemmed	Empirical Problems of Savings Calculation in Electronic Reverse Auction
title_sort	empirical problems of savings calculation in electronic reverse auction
publisher	Universidad de Talca
publishDate	2019
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762019000200111
work_keys_str_mv	AT delinaradoslav empiricalproblemsofsavingscalculationinelectronicreverseauction AT grofmarek empiricalproblemsofsavingscalculationinelectronicreverseauction
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Empirical Problems of Savings Calculation in Electronic Reverse Auction

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