Auction and Game Theory Based Recommendations for DOD Acquisitions

Report Number: USAFA-AM-14-189

Series: Acquisition Management

Category: Game Theory

Report Series: Sponsored Reports

Authors: Justin Blott, Nicholas Boardman, Andrew Cady, Jake Elliott, William Griffin, Nick Mastronardi and Parker Quinn

Title: Auction and Game Theory Based Recommendations for DOD Acquisitions

Published: 2015-03-01

Sponsored By: Acquisition Research Program

Status: Published--Unlimited Distribution

Research Type: Other Research Faculty

Full Text URL: http://acquisitionresearch.net/files/FY2014/USAFA-AM-14-189.pdf

Keywords: game theory, auctions, contracting, principle-agent models, Major Defense Acquisition Programs, off-the-shelf, mechanism design.

Abstract:

This paper synthesizes auction and game theory literature into specific military acquisition improvement recommendations. We characterize acquisition environments into distinct categories, present the results of seminal literature that pertains to each category, and translate the literatures