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Rethinking the multi-attribute utility approach based procurement route selection technique

Author

Listed:
  • Chen-Yu Chang
  • Graham Ive

Abstract

The multi-attribute utility approach (MAUA) provides a possibility of transforming subjective perception or evaluation into objective decision principles. However, as applied to procurement system selection, the advice derived from this approach can be problematical, if the nature of the procurement systems has not been examined carefully. The major weaknesses of the MAUA as applied in this field lie in its selection of priority variables and in some association of procurement routes with priority variables. This paper uses a transac2 tion cost perspective, in a setting of incomplete contracting, to develop these comments.

Suggested Citation

  • Chen-Yu Chang & Graham Ive, 2002. "Rethinking the multi-attribute utility approach based procurement route selection technique," Construction Management and Economics, Taylor & Francis Journals, vol. 20(3), pages 275-284.
    • Handle: RePEc:taf:conmgt:v:20:y:2002:i:3:p:275-284
    DOI: 10.1080/01446190110117608
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    References listed on IDEAS

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    1. Graham Winch & Aalia Usmani & Andrew Edkins, 1998. "Towards total project quality: a gap analysis approach," Construction Management and Economics, Taylor & Francis Journals, vol. 16(2), pages 193-207.
    2. William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
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    Cited by:

    1. Dejan Makovšek & Adrian Bridge, 2021. "Procurement Choices and Infrastructure Costs," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 277-327, National Bureau of Economic Research, Inc.
    2. Nyamagere Gladys Sospeter & Nicholas Chileshe, 2021. "Risk Handling Responsibilities in Tanzanian Project-Based Organisations," Sustainability, MDPI, vol. 13(14), pages 1-18, July.

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