Title :
A Study of Project Bidding Decision Based on Analytical Hierarchy Process Method
Author :
Zhang Wei-wei ; Wu Heng-liang ; Wen Guo-feng
Author_Institution :
Sch. of Manage. Sci. & Eng., Shandong Inst. of Bus. & Technol., Yantai, China
Abstract :
Bidding is a critical activity for most of contractors in face of intense competition. Thus, it is necessary to develop a practical bidding decision method. This paper presents a bidding decision model based on the analytical hierarchy process (AHP) method. As an illustration, a practical example of a construction company is cited, which demonstrates the application of this method and shows how this method can provide the decision makers with convincing and reliable results.
Keywords :
construction industry; decision making; matrix algebra; pricing; project management; analytical hierarchy process method; construction company; contractor; project bidding decision model; Analytical models; Companies; Construction industry; Decision making; Mathematical model; Proposals;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576502
