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Compared with traditional information system development methodology, COTS-based information system has the following advantages: Avoid expensive development and maintenance; frequent upgrades often anticipate organization’s need; rich functionality; mature technologies; tracks technology trends, etc. However, how to select appropriate COTS components is a complex problem. For improving the accuracy of decision-making in COTS component procurement, a two-period model is put forward. In the first period, the procurement requirement of each COTS component is compared with a COTS component case base by case-based retrieval (CBR) and the initial candidates are selected. In the second period, a (0-1) integer goal programming model is created to optimize cost and time of the whole COTS-based system, and help decision makers to decide the final candidates. Case shows that the two-period method declines the complexity of computation and increases the rationality of decision