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Mars Incorporated: online procurement (LP) Purchase it online at http://hbr.org/product/mars-inc-online- procurement/an/905E04-PDF-ENG 1). Describe a model that Mars can use to operate an online procurement auction.

Mars Incorporated: online procurement (LP) Purchase it online at http://hbr.org/product/mars-inc-online- procurement/an/905E04-PDF-ENG

1). Describe a model that Mars can use to operate an online procurement auction. Start with a basic model where all demands are met and cost is minimized. (Hint: a clever choice of decision variables is needed here.)

2). How much can bid 1 charge and still be picked?

3). How low does bid 6 have to go before it will be picked?

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