{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,12]],"date-time":"2026-05-12T17:11:19Z","timestamp":1778605879937,"version":"3.51.4"},"reference-count":53,"publisher":"World Scientific Pub Co Pte Lt","issue":"03","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Asia Pac. J. Oper. Res."],"published-print":{"date-parts":[[2019,6]]},"abstract":"<jats:p> Although supply disruption is ubiquitous because of natural or man-made disasters, many firms still use the price-only reverse auction (only the cost is considered) to make purchase decisions. We first study the suppliers\u2019 equilibrium bidding strategies and the buyer\u2019s expected revenue under the first- and second-price price-only reverse auctions when the suppliers are unreliable and have private information on their costs and disruption probabilities. We show that the two auctions are equivalent and not efficient. Then we propose two easily implementable reverse auctions, namely the first-price and second-price format announced penalty reverse auction (APRA), and show that the \u201crevenue equivalence principle\u201d holds, i.e., the two auctions generate the same ex ante expected profit to the buyer. We further show that the two reverse auctions are efficient and \u201ctruth telling\u201d is the suppliers\u2019 dominant strategy in the second-price format APRA. We conduct numerical studies to assess the impacts of some parameters on the bidding strategies, the buyer\u2019s profit and social profit. <\/jats:p>","DOI":"10.1142\/s0217595919500131","type":"journal-article","created":{"date-parts":[[2019,5,29]],"date-time":"2019-05-29T02:29:38Z","timestamp":1559096978000},"page":"1950013","source":"Crossref","is-referenced-by-count":4,"title":["Efficient Multi-Attribute Auctions Considering Supply Disruption"],"prefix":"10.1142","volume":"36","author":[{"given":"Jie","family":"Xiang","sequence":"first","affiliation":[{"name":"Department of Logistics Management, School of Economics and Management, Beijing Jiaotong University, Beijing 100044, P. R. China"}]},{"given":"Juliang","family":"Zhang","sequence":"additional","affiliation":[{"name":"Department of Logistics Management, School of Economics and Management, Beijing Jiaotong University, Beijing 100044, P. R. China"}]},{"given":"T. C. E.","family":"Cheng","sequence":"additional","affiliation":[{"name":"Department of Logistics and Maritime Studies, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong SAR"}]},{"given":"Jose Maria","family":"Sallan","sequence":"additional","affiliation":[{"name":"Departament d\u2019Organitzaci\u00f3 d\u2019Empreses, Universitat Polit\u00e8cnica de Catalunya, Terrassa 08222, Spain"}]},{"given":"Guowei","family":"Hua","sequence":"additional","affiliation":[{"name":"Department of Logistics Management, School of Economics and Management, Beijing Jiaotong University, Beijing 100044, P. R. 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