alexa Monitoring Public Procurement Using a Fuzzy Logic System
ISSN: 2168-9458

Journal of Stock & Forex Trading
Open Access

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Research Article

Monitoring Public Procurement Using a Fuzzy Logic System

Dimitri Mardas* and Athanasios Tsadiras

Department of Economics, Aristotle University of Thessaloniki, Greece

*Corresponding Author:
Dimitri Mardas
Department of Economics
Aristotle University of Thessaloniki
Thessaloniki, P.O Box 188, 54124, Greece
Tel/ Fax: 00302310996427
E-mail: [email protected]

Received Date: November 17, 2014; Accepted Date: January 19, 2015; Published Date: January 26, 2015

Citation: Mardas D, Tsadiras A (2015) Monitoring Public Procurement Using a Fuzzy Logic System. J Stock Forex Trad 4:139. doi: 10.4172/2168-9458.1000139

Copyright: © 2015 Mardas D, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

The problem of monitoring public procurement is a vital issue, especially in the European Union (EU), where the free movement of goods is finally established by the “Single European Act”. A monitoring system that could be applied after public procurement contracts have been awarded, would examine and identify the existence both, of corruption and of “buy national” policies and practices (i.e. policies favouring domestic suppliers). In this article, the use of a fuzzy logic system as a monitoring mechanism for public procurement is proposed. Using this system, national or EU surveillance authorities can sort the contractors in a series of categories, identifying the degree of their efficiency. The design and implementation of the proposed fuzzy logic system is presented, followed by demonstrative examples of its operation. This system, which applies mainly to goods and services, can also be used as a decision support system at the stage of the selection process, assisting the choice of the best contractor.

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