Towards Game Theoretic Models for Agile Acquisition

Abstract

Game Theory has been applied to drive strategies for contract negotiations in the business world. This paper investigates the idea of applying game-theoretic utility models and strategies to provide a means to illuminate better contracting tradeoffs for the government. This additional insight is intended to provide strategies that move potential contractors into the government's preferred negotiation point and expedite the decision-making process in acquisition. The case studies presented in this paper focus on developing accurate utility functions that would enable such a game theory framework.