Accession Number:

ADA625197

Title:

Practical Application of Principle-Agent and Auction Theory: A Contracting Guide

Descriptive Note:

Briefing charts

Corporate Author:

AIR FORCE ACADEMY COLORADO SPRINGS CO

Report Date:

2015-05-01

Pagination or Media Count:

23.0

Abstract:

Overview Overview of Environment. Potential Improvements risk sharing contract type selection, second price sealed bid, second score sealed bid. USAF T-X Program, Contractor Reputation Rating and Summary. Statement of the Problem. The DOD holds an inferior position when bargaining with the private sector known budget. This creates inefficiencies in procurement leading to excess spending for the quality of product supplied. Research Questions. What mechanisms should the DOD employ to incentivize truth telling and efficiency in performance

Subject Categories:

  • Training Aircraft
  • Economics and Cost Analysis
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE