System Dynamics and Management Science Approaches Toward Increasing Acquisition Process Efficiency

Abstract

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.

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Document Details

Document Type
Technical Report
Publication Date
Apr 30, 2014
Accession Number
ADA624050

Entities

People

  • Armin Leopold
  • Bo Hu
  • Heinrich Buch
  • Joachim Block
  • Stefan Pickl

Organizations

  • Bundeswehr University Munich

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Business Administration
  • Computer Programs
  • Computers
  • Contracts
  • Dynamics
  • Efficiency
  • Governments
  • Information Systems
  • International Relations
  • Money
  • Operations Research
  • Project Management
  • Public Policy
  • Students
  • Training
  • Urban Areas

Readers

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  • Defense Financial Management and Audit.
  • Defense Technology Research and Development.