A multivariate approach to bidding strategies
Skitmore, Martin (1990) A multivariate approach to bidding strategies. In Ireland, Vernon, Cheetham, David, Miller, D, & Soderberg, J (Eds.) Building Economics and Construction Management: Management of the Building Firm, CIB W-55/65, The International Council for Building Research Studies and Documentation , University of Technology, Sydney, N. S. W., pp. 478-490.
A multivariate approach to bidding strategy is presented in comparison with previous standard approaches. An optimal formulation is derived and a method of parameter estimation proposed. A case study illustrates the derivation of optimal and other strategic mark up values against a single bidder. Concluding remarks concern extensions to multiple competitors differing levels of information, and sensitivity analysis.
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|Item Type:||Conference Paper|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)|
|Divisions:||Current > Schools > School of Civil Engineering & Built Environment|
|Copyright Owner:||Copyright 1990 please consult the author|
|Deposited On:||06 May 2013 00:20|
|Last Modified:||06 May 2013 00:55|
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