Modelling contractor’s bidding decision

A bidding decision index for construction contractors THIS STUDY PRESENTS THE APPLICATION OF A SYSTEMATIC DECISION MAKING METHODOLOGY TO AID CONTRACTORS IN DECIDING WHETHER OR NOT TO BID FOR A CERTAIN PROJECT

Bidding on Projects Based on Previous Works and Eminence , a Contractors ’ View Point

Nowadays, a project-winning environment is very competitive. In order to be successful and make profit, a contractor should start planning in advance and decide about what projects to bid. A prominent contractor should bid on projects for which his chances of winning are good enough or on projects for which the profit is high enough such that bidding would be worth consuming the resources neede...

A Decision Support System for Bidding Process

This article has been developed in the frame of an IST European Project, where Companies and Universities of several countries of Europe have collaborated. The work presents a Decision Support System (DSS) to provide help in the bidding process. Critical decisions as bid/no bid, make/buy or decision of best final proposal have been realised. The tool performs a risk analysis and it uses the res...

Decision-theoretic bidding in online-auctions

With the increasing role of electronic commerce in business applications, much attention is paid to online-auctions. As auctions become more and more popular in electronic commerce, agents face the problem of participating in multiple independent auctions simultaneously or in sequence. Decision making of agents becomes difficult when they have to buy bundles of goods. In this case the agents ha...

Modelling Decision Problems Via Birkhoff Polyhedra

A compact formulation of the set of tours neither in a graph nor its complement is presented and illustrates a general methodology proposed for constructing polyhedral models of decision problems based upon permutations, projection and lifting techniques. Directed Hamilton tours on n vertex graphs are interpreted as (n-1)- permutations. Sets of extrema of Birkhoff polyhedra are mapped to tours ...