Bidding decision making for construction company using a multi-criteria prospect model / Statybos įmonės apsisprendimas dalyvauti konkurse naudojant daugiakriterinį perspektyvų modelį

Bidding decision making for construction company using a multi-criteria prospect model / Statybos įmonės apsisprendimas dalyvauti konkurse naudojant daugiakriterinį perspektyvų modelį

Two critical decisions faced by bidders in competitive bidding include, firstly, whether or not to submit a bid, and secondly (if the answer to the first is ‘yes’) what markup value should be used on the submitted bid. In the construction industry, government agencies and private sector clients typi...

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Bibliographic Details
Main Authors: Min-Yuan Cheng, Chia-Chi Hsiang, Hsing-Chih Tsai, Hoang-Linh Do
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2011-09-01
Series:Journal of Civil Engineering and Management
Subjects:
bidding decision making
bid/no bid
markup scale
bidding strategy
multi-criteria prospect model
cumulative prospect theory
Online Access:https://www.jbem.vgtu.lt/index.php/JCEM/article/view/5239

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