Re:How not to build a ship: the USS Ford
by stcredzero on Wednesday June 07, 2017 @06:42PM
(#14510423)
The military is always in a bind with contractor selection. If the don't choose the lowest bidder they get hauled up in front of a Senate committee full of people grandstanding for the next election accusing them of taking care of cronies.
Isn't there some famous economics paper somewhere that shows strategies like median bid produce much better outcomes?
Re:How not to build a ship: the USS Ford
by teddyh on Wednesday June 07, 2017 @07:00PM
(#14510531)
Do you have a reference to this? I’m particularly curious if they address the secondary effects this will have on bids, and if the strategy then remains viable.
Isn't there some famous economics paper somewhere that shows strategies like median bid produce much better outcomes?