System Dynamics and Management Science Approaches Toward Increasing Acquisition Process Efficiency
UNIVERSITAET DER BUNDESWEHR MUENCHEN NEUBIBERG (GERMANY F R)
Pagination or Media Count:
Contracting has a significant impact on the acquisition process efficiency, especially in the context of so-called public-private partnership PPP. Improper contracts may cause significant delay and additional costs in project execution due to opportunistic behavior of private-sector suppliers. We present a system dynamics model combined with a web based management cockpit for project contracting and interactive decision support which can be used to train project purchasers showing that carefully designed contracts help to keep the project on schedule and bring benefits to both the governmental entities and the privatesector suppliers.
- Logistics, Military Facilities and Supplies