DocumentCode
3023607
Title
Construction Enterprises Bidding Decision-Making Based on Linear Programming
Author
Jian-Bing, Liu
Author_Institution
Sch. of Constr. Manage. & Real Estate, CHONGQING Univ., Chongqing, China
fYear
2009
fDate
25-26 April 2009
Firstpage
646
Lastpage
649
Abstract
In present construction market situation, tender is the greatest way to win the bidding for construction enterprises. According to the rules of the tendering documents, construction enterprises must estimate basic price limitation on bidding by simulating according to the method of bidding evaluation except necessarily responding the other conditions of the bid documents, then the suitable bidding decision-making must be adopted so as to enhance the opportunity of winning the tender. The thesis is devoted to using the techniques of linear programming to formulate the bidding model which provides reference for the bidders. After analyzing a factual case, the model which can help construction enterprises to reduce the blindness of bidding of relying on experiences and winning the bidding of depending on good-luck can improve the science of bidding and the probabilities of winning the bidding, which makes a greatly theoretical and practical significance on guiding the bidding decision-making for construction enterprise.
Keywords
construction industry; decision making; linear programming; tendering; bidding; construction enterprises; construction market; decision making; linear programming; price limitation; tendering; Abstracts; Blindness; Companies; Cost function; Databases; Decision making; Electronic mail; Game theory; Linear programming; Technology management; Base price limit on bidding; Bidding decision-making; Linear programming; Tender; The lowest reasonable price;
fLanguage
English
Publisher
ieee
Conference_Titel
Database Technology and Applications, 2009 First International Workshop on
Conference_Location
Wuhan, Hubei
Print_ISBN
978-0-7695-3604-0
Type
conf
DOI
10.1109/DBTA.2009.86
Filename
5207676
Link To Document