Engineering Commons^™

Foundations For A Game Theoretic Framework For Agile Acquisition, Scott Rosen, Kelly Horinek, Alexander Odeh, Les Servi, Andreas Tolk

VMASC Publications

This article investigates the concept of developing a game theoretic framework that is based on the application of buyer and seller utility functions to support the bidding process in government acquisition. The results of a literature survey of utility function approaches, with potential to provide a suitable foundation to a game theory framework for acquisition, are presented. The utility function methods found most promising were further adapted and tested: the Best-Worst method, the Multi-Swing Method, and Functional Dependency for Network Analysis. To test the scalability of the approach, the Best-Worst method is applied to a larger problem to show the …