Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Gates' Bidding Model—A Monte Carlo Experiment?
Recently, Gates described several simulation experiments in an attempt to demonstrate the superiority of Gates. model over Friedman.s model to determine the probability of winning a construction contract letting. This note explains why Gates. paper misrepresents Friedman.s model; does not display a sound comprehension of the basic tenets f probability; misinterprets the results from an unnecessary simulation; and wrongly pronounces the validity of Gates. model. The reader is assumed to have read Gates. paper, as references to equations and tables in it shall be made.
Gates' Bidding Model—A Monte Carlo Experiment?
Recently, Gates described several simulation experiments in an attempt to demonstrate the superiority of Gates. model over Friedman.s model to determine the probability of winning a construction contract letting. This note explains why Gates. paper misrepresents Friedman.s model; does not display a sound comprehension of the basic tenets f probability; misinterprets the results from an unnecessary simulation; and wrongly pronounces the validity of Gates. model. The reader is assumed to have read Gates. paper, as references to equations and tables in it shall be made.
Gates' Bidding Model—A Monte Carlo Experiment?
Fuerst, Michael (Autor:in)
Journal of the Construction Division ; 103 ; 647-651
01.01.2021
51977-01-01 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt