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Performance-based contracting: a literature review and future research directions

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Performance-based contracting : a literature review and future research directions. / Selviaridis, Kostas; Wynstra, Finn.

In: International Journal of Production Research, Vol. 53, No. 12, 2015, p. 3505-3540.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Selviaridis, K & Wynstra, F 2015, 'Performance-based contracting: a literature review and future research directions', International Journal of Production Research, vol. 53, no. 12, pp. 3505-3540. https://doi.org/10.1080/00207543.2014.978031

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Selviaridis, Kostas ; Wynstra, Finn. / Performance-based contracting : a literature review and future research directions. In: International Journal of Production Research. 2015 ; Vol. 53, No. 12. pp. 3505-3540.

Bibtex

@article{e3a51d7f19804df1bd17561aeba7159c,
title = "Performance-based contracting: a literature review and future research directions",
abstract = "This paper aims to provide a review and synthesis of the performance-based contracting (PBC) literature across academic disciplines. It also seeks to examine how the operations and supply management (OSM) discipline in particular relates to PBC studies in other study fields. The research is based on a systematic literature review of 241 peer-reviewed articles across disciplines, published between 1985 and 2014. A classification framework of PBC research is proposed, addressing key aspects of PBC design and management: performance specification and evaluation, the design of incentives and their impact on supplier behaviour and risks allocation depending also on the risk attitudes of buyers and suppliers. The comparative analysis of literature by discipline helps identify current empirical and theoretical limitations of relevant OSM studies. The paper concludes that future OSM research should expand its theoretical framework and empirical focus to better understand PBC design and management. Eight specific suggestions for future OSM research are offered, e.g. examining the potential of PBC as means for managing sustainability and innovation goals of supply chains. The paper helps advance OSM research in this area by providing a structured overview of definitions, theories, conceptual frames, methods and empirical studies from other disciplines.",
keywords = "performance-based contracting, service procurement , business services , systematic literature review, operations and supply management",
author = "Kostas Selviaridis and Finn Wynstra",
year = "2015",
doi = "10.1080/00207543.2014.978031",
language = "English",
volume = "53",
pages = "3505--3540",
journal = "International Journal of Production Research",
issn = "0020-7543",
publisher = "Taylor and Francis Ltd.",
number = "12",

}

RIS

TY - JOUR

T1 - Performance-based contracting

T2 - a literature review and future research directions

AU - Selviaridis, Kostas

AU - Wynstra, Finn

PY - 2015

Y1 - 2015

N2 - This paper aims to provide a review and synthesis of the performance-based contracting (PBC) literature across academic disciplines. It also seeks to examine how the operations and supply management (OSM) discipline in particular relates to PBC studies in other study fields. The research is based on a systematic literature review of 241 peer-reviewed articles across disciplines, published between 1985 and 2014. A classification framework of PBC research is proposed, addressing key aspects of PBC design and management: performance specification and evaluation, the design of incentives and their impact on supplier behaviour and risks allocation depending also on the risk attitudes of buyers and suppliers. The comparative analysis of literature by discipline helps identify current empirical and theoretical limitations of relevant OSM studies. The paper concludes that future OSM research should expand its theoretical framework and empirical focus to better understand PBC design and management. Eight specific suggestions for future OSM research are offered, e.g. examining the potential of PBC as means for managing sustainability and innovation goals of supply chains. The paper helps advance OSM research in this area by providing a structured overview of definitions, theories, conceptual frames, methods and empirical studies from other disciplines.

AB - This paper aims to provide a review and synthesis of the performance-based contracting (PBC) literature across academic disciplines. It also seeks to examine how the operations and supply management (OSM) discipline in particular relates to PBC studies in other study fields. The research is based on a systematic literature review of 241 peer-reviewed articles across disciplines, published between 1985 and 2014. A classification framework of PBC research is proposed, addressing key aspects of PBC design and management: performance specification and evaluation, the design of incentives and their impact on supplier behaviour and risks allocation depending also on the risk attitudes of buyers and suppliers. The comparative analysis of literature by discipline helps identify current empirical and theoretical limitations of relevant OSM studies. The paper concludes that future OSM research should expand its theoretical framework and empirical focus to better understand PBC design and management. Eight specific suggestions for future OSM research are offered, e.g. examining the potential of PBC as means for managing sustainability and innovation goals of supply chains. The paper helps advance OSM research in this area by providing a structured overview of definitions, theories, conceptual frames, methods and empirical studies from other disciplines.

KW - performance-based contracting

KW - service procurement

KW - business services

KW - systematic literature review

KW - operations and supply management

U2 - 10.1080/00207543.2014.978031

DO - 10.1080/00207543.2014.978031

M3 - Journal article

VL - 53

SP - 3505

EP - 3540

JO - International Journal of Production Research

JF - International Journal of Production Research

SN - 0020-7543

IS - 12

ER -