Title :
The application of Deviation Minimization Model to determine the cost price in the tendering of highway engineering
Author :
Cui, Shumei ; Xu, Shihe ; Qu, Shuying ; Zhang, Fangwei
Author_Institution :
Civil Eng. Instn., Yantai Univ., Yantai, China
Abstract :
The reasonable low price method should be used in the bid evaluation of highway construction, and focus on how to determine the lowest cost price of the bidding scheme. In this thesis, a new method is put up, based on the Deviation Minimization Model in the Multi-attribute Decision Making. This method has been successfully exploited in the tendering of highway engineering of the developing zone of Yantai, and achieved good results.
Keywords :
decision making; pricing; road building; tendering; bidding scheme; cost price determination; deviation minimization model; highway engineering tendering; multiattribute decision making; Decision making; Mathematical model; Matrix converters; Minimization; Organizations; Proposals; Road transportation; bid evaluation cost price; deviation minimization model; overall values; tendering; the reasonable low price method;
Conference_Titel :
Remote Sensing, Environment and Transportation Engineering (RSETE), 2011 International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-9172-8
DOI :
10.1109/RSETE.2011.5964185
