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Fuzzy decisions in bidding strategies
[1990] Proceedings. First International Symposium on Uncertainty Modeling and Analysis, 2002The process for assessing and evaluating contractors' bidding strategies is dependent in most projects on subjective expertise judgement based on a certain number of criteria. A systematic approach based on fuzzy set theory and multicriteria modeling is proposed for selecting bidding strategies.
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Project Scheduling in Decision-Theoretic Competitive Bidding
2006 IEEE International Conference on Evolutionary Computation, 2006Accurate cost estimates for an incoming order are critical in formulating the optimal bidding strategy. When a firm is approaching its resource capacity in the short-run, adding a new job into the system may cause violations of the due date requirements, thus penalty costs arise.
Haitao Li 0008, Keith Womer
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Bidding decision in multi-attribute reverse auction
International Journal of Applied Decision Sciences, 2010We design a decision making model for solving the bidding problem in a sealed bid multi-attribute reverse auction. Bidders in reverse auctions face the problem of decrementing the bid in every round until the final round. Although the bidders receive information from the previous rounds regarding the winning bid, but the decision regarding the bid ...
Arun K. Ray +2 more
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A decision system for competitive bidding
European Journal of Marketing, 1971Describes a model for adapting successful bidding strategies, placing it in the context of a company's overall structure and competitive strategy. Lists the benefits of the decision system approach, revealing it to be a useful tool in a management information and control system.
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Strategic Factors Influencing Bid/No-Bid Decision of Pakistani Contractors
2017Construction firms must have the potential to deal with various bidding situations successfully in today’s highly spirited market. The first step that firms need to consider is whether to bid or not to bid when they receive a tender call. The contractors’ decision of bid/no-bid is affected by various factors. This research aims to analyze the strategic
Ahsen Maqsoom +5 more
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Bid Compensation Decision Model for Projects with Costly Bid Preparation
Journal of Construction Engineering and Management, 2005For projects with high bid preparation cost, it is often suggested that the owner should consider paying bid compensation to the most highly ranked unsuccessful bidders to stimulate extra effort or inputs in bid preparation. Whereas the underlying idea of using bid compensation is intuitively sound, there is no theoretical basis or empirical evidence ...
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Decision Analysis for Bidding on a Contract
A company considers whether to bid for a contract to develop a piece of equipment. If the company decides to bid, it must decide how much to bid. The government will award the contract to the lowest bidder. However, there is a certain probability that there will not be any other bidders.openaire +1 more source
A decision model for competitive bidding.
Journal of health care finance, 1996Competitive bidding and selective contracting, an alternative mechanism for harnessing competitive forces, are already fairly common in the private sector. Interest in competitive bidding as a mechanism for setting fee schedules is growing in the health care sector. This article focuses on bidding as an alternative to price negotiation.
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