Bachelor seminar: Auction theory with practical application in Procurement (in co-operation with Kloepfel Consulting)
| Module: | Module 11: Seminar |
| Lecturer: | Prof. Dr. Lukas Buchheim M. Sc. Marcel Vögele M. Sc. Marc Justin Schmidt |
| Scope/Credits: | 4 SWS / 5+2 Credits (incl. exercise "Scientific work") |
| Course type: | Seminar |
| Exam: | tba |
| Application: | Online |
| Date and place: | Thursday, 8:15 a.m. - 09.45 a.m., M811 |
| Beginning: | 10.04.2025 |
| Deadline for term paper: | tba |
Online Application
On the following webpage you find some explanations regarding the online application and by the time they are enabled the links to the application forms.
Documents
Contents overview
This seminar is dedicated to auction theory and its practical application in the field of purchasing. Auctions are a market mechanism for the allocation of goods that is based on fixed rules and determines a price on the basis of bids submitted by market participants. We will begin by looking at the theoretical foundations of auction theory and getting to know the basic auction formats.
We will then move directly from conceptual understanding to practical implementation: Kloepfel Consulting will present its approaches to evaluating the various auction formats in practice. First of all, the advantages and disadvantages of the various auction types will be presented in a generic way. Real cases from Kloepfel Consulting are then presented. Groups are then formed, each of which is assigned one of the cases. Each group comes up with an auction design and will simultaneously participate as a bidder in the auction of another group. A bidding strategy must be worked out.
Attendance is compulsory for the seminar on the following dates (08:15 a.m.-09:45 a.m.):
10.04.25: Introduction to Auction Theory 1
17.04.25: Introduction to auction theory 2
24.04.25: Presentation Practice
08.05.25: Scientific work 1
15.05.25: Scientific work 2
[TBD]: Block seminar with presentations (full day)
Learning goals
Participants in the seminar learn the theoretical basics of auction theory and its practical application in Procurement.
The accompanying exercise "Academic Writing" covers the formal and conceptual basics of writing an academic paper. The course thus prepares students for writing their Bachelor's thesis in terms of content and methodology.