 Rethinking Government Supplier Decisions: The Economic Evaluation of Alternatives (EEoA)Francois Melese and James Fan Defence and Peace Economics, 2022, vol. 33, issue 2, 239-257 Abstract: This paper offers an economic model to assist public procurement officials to rank competing vendors when benefits cannot be monetized. An important defense application is ‘source selection’ – choosing the most cost-effective vendor to supply military equipment, facilities, services or supplies. The problem of ranking public investment alternatives when benefits cannot be monetized has spawned an extensive literature that underpins widely applied decision tools. The bulk of the literature, and most government-mandated decision tools, focus on the demand side of a public procurement. The ‘Economic Evaluation of Alternatives’ (EEoA) extends the analysis to the supply side. A unique feature of EEoA is to model vendor decisions in response to government funding projections. Given a parsimonious set of continuously differentiable evaluation criteria, EEoA provides a new tool to rank vendors. In other cases, it offers a valuable consistency check to guide government supplier decisions. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:defpea:v:33:y:2022:i:2:p:239-257 Ordering information: This journal article can be ordered from DOI: 10.1080/10242694.2020.1808939 Access Statistics for this article Defence and Peace Economics is currently edited by Professor Keith Hartley More articles in Defence and Peace Economics from Taylor & Francis Journals |
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