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Fair Value Pricing in Purchasing

 
: Haag, Christoph; Schuh, Günther; Kreimeier, Matthias; Mrziglod, Thomas; Goerlitz, Linus

Giannakis, M. ; International Purchasing and Supply Education and Research Association -IPSERA-:
Purchasing & Supply Management for a Sustainable World : Proceedings of the 22nd Annual IPSERA Conference, 24-27 March 2013, Nantes
Nantes, 2013
pp.808-816
International Purchasing and Supply Education and Research Association (IPSERA Annual Conference) <22, 2013, Nantes>
English
Conference Paper
Fraunhofer IPT ()
Einkauf; Beschaffung; Pricing; Linear Performance Pricing (LPP); Performance pricing; nonlinear regression analysis; artificial neuronal networks; price transparency

Abstract
Creating price transparency in product markets is one of the major tasks that purchasing departments have to manage. This paper introduces a new statistical approach to create price transparency, making use of nonlinear regression methods as well as artificial neuronal networks. The paper reveals the underlying mathematical models and shows an application example.

: http://publica.fraunhofer.de/documents/N-432316.html