Saving Millions in Government Procurement Through Data Science and Market Design
Framework agreements (FAs) are widely used procurement mechanisms in both the private and public sectors. We redesigned the Chilean FA market using an experimental design, which led to a broad implementation. Extrapolating the pilot’s success, the redesign saved approximately $74 million in 2022.
Authors
- Daniela Sabán (ORCID: https://orcid.org/0000-0002-5217-4112)
- Piero Zanocco
- Gabriel Y. Weintraub (ORCID: https://orcid.org/0000-0001-6111-507X)
- Marcelo Olivares (ORCID: https://orcid.org/0000-0001-8465-624X)
- Paula Moreno
- Eduardo Carreño Lara
Institutions
- Comisión Chilena de Energía Nuclear (CL)
- Complex Engineering System Institute (CL)
- University of Chile (CL)
- University of California, Berkeley (US)
- Stanford University (US)
Publication Details
- Journal
- INFORMS Journal on Applied Analytics
- Published
- 2024-09-13
- DOI
- https://doi.org/10.1287/inte.2023.0002
- Citations
- 1
- Primary Topic
- Auction Theory and Applications
- Type
- article
- Field-Weighted Citation Impact
- 0.00