A Model in Support of Bid Evaluation in Multi-Attribute E-Auction for Procurement

Bid evaluation is an important but complex problem in multi-attribute auction. Management science techniques might be helpful tools for this kind of decision making problems. This paper focuses on the bid evaluation problem in multi-attribute e-auction for procurement. The proposed model uses an outranking-based multi-attribute decision technique, ELECTRE-III, to evaluate the buyer´s preferences. It is shown by means of a bid evaluation example that the presented approach may be well suited as a decision-making tool for multi-attribute e-procurement.