Bidding Strategy: Winning over Key CompetitorsSource: Journal of Construction Engineering and Management:;1992:;Volume ( 118 ):;issue: 001Author:F. H. (Bud) Griffis
DOI: 10.1061/(ASCE)0733-9364(1992)118:1(151)Publisher: American Society of Civil Engineers
Abstract: This paper presents a method by which the probability of winning in the competitive bidding problem can be improved by obtaining additional information concerning a key competitor. The competitive bidding problem as suggested by Friedman consists of describing the bidding behavior of each competitor by developing a probability density function representing the distribution of the ratio of a competitor's bid to “our” cost estimate. This static distribution for a key competitor is improved by maintaining a volume‐time function on competitor
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| contributor author | F. H. (Bud) Griffis | |
| date accessioned | 2017-05-08T21:37:21Z | |
| date available | 2017-05-08T21:37:21Z | |
| date copyright | March 1992 | |
| date issued | 1992 | |
| identifier other | %28asce%290733-9364%281992%29118%3A1%28151%29.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/57730 | |
| description abstract | This paper presents a method by which the probability of winning in the competitive bidding problem can be improved by obtaining additional information concerning a key competitor. The competitive bidding problem as suggested by Friedman consists of describing the bidding behavior of each competitor by developing a probability density function representing the distribution of the ratio of a competitor's bid to “our” cost estimate. This static distribution for a key competitor is improved by maintaining a volume‐time function on competitor | |
| publisher | American Society of Civil Engineers | |
| title | Bidding Strategy: Winning over Key Competitors | |
| type | Journal Paper | |
| journal volume | 118 | |
| journal issue | 1 | |
| journal title | Journal of Construction Engineering and Management | |
| identifier doi | 10.1061/(ASCE)0733-9364(1992)118:1(151) | |
| tree | Journal of Construction Engineering and Management:;1992:;Volume ( 118 ):;issue: 001 | |
| contenttype | Fulltext |