A dynamic novel approach for bid/no-bid decision-making

نویسندگان

  • Huawang Shi
  • Hang Yin
  • Lianyu Wei
چکیده

The process of bid/no-bid decision-making is su bjected to uncertainty and influence of complex criteria. This paper proposed an application of the integration of rough sets (RS) and improved general regression neural network (GRNN) based on niche particle swarm optimization (NPSO) algorithm for tendering decision making. The decision table of RS and the attribution reduction was processed by MIBARK algorithm to simply the samples of GRNN. In order to improve the general regression neural network (GRNN) network performance, the niche particle swarm optimization (NPSO) was used to optimize the spread parameter σ of GRNN neural network, then a novel Bid/no-bid decision model was established based on RS and NPSO-GRNN neural network algorithm. The applicability of the proposed model was tested using real cases in Beijing. The results indicate that NPSO-GRNN algorithm has an advantage such as in prediction accuracy and generalization ability. The proposed decision support system approach is useful to help manager to make better Bid/no-bid decisions in uncertain construction markets, so they can take steps to prevent bid distress.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

IDENTIFICATION OF REASONS FOR CLAIMS OF CONTRACTORS IN D-B-B CONTRACTS AND EVALUATION BY MULTI-CRITERIA DECISION-MAKING MODELS (AHP)

The increasing complexity of construction, along with its rapid development, as well as ambiguities and gaps in the legal terms governing constructions, lack of trust in the parties regarding obligations and regulations are the main reasons of disagreements in domestic projects. These disagreements are inevitable even in contracts which are set correctly. Disagreements are costly, time-consumin...

متن کامل

Less-than-truckload Dynamic Pricing Model in Physical Internet

Abstract: This paper investigates a decision-making problem consisting of less-than-truckload dynamic pricing (LTLDP) under Physical Internet (PI). PI can be seen as the interconnection of logistics networks via open PI-hubs, which can be considered as spot freight markets where LTL requests of different volume/destination continuously arrive over time for a short-stay. Carriers can bid for the...

متن کامل

A simulation analysis for the re-solving issue of the network revenue management problem

The classic dynamic programming approach is not applicable to the airline network revenue management (RM) problem of a practical size due to the curse of dimensionality. Many heuristic methods, including the most popular bid-price control approach, generate the approximate control decisions based on various static formulations, which need to be re-solved to take into account the dynamic feature...

متن کامل

A method to calculate the acceptance probability and risk of rejection of bid prices on the electricity market

After restructuring, Iran’s electricity market has become one of the most competitive markets in which generation companies offer their proposed price on several price benches. So, the decisions in this market can use statistical concepts. In this paper, a conceptual model is presented according to simultaneous analysis of probabilistic distribution for historical data of market clearing price ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره 5  شماره 

صفحات  -

تاریخ انتشار 2016