A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Game Models of Construction Project Bidding with a Composite Base Price
Based on traditional game theory and the method of bidding quotation, a game model is proposed in this paper for construction projects bidding with a composite base price. Under some important assumptions, the game model is built up. By forecasting the constant values in the model by means of the mathematical statistic method, the optimum pricing for a construction enterprise's projects is evaluated by the technology of matrix game to win the bid and obtain the largest profit with less risk. Finally, a successful application to construction project bidding is given to test the model's validity.
Game Models of Construction Project Bidding with a Composite Base Price
Based on traditional game theory and the method of bidding quotation, a game model is proposed in this paper for construction projects bidding with a composite base price. Under some important assumptions, the game model is built up. By forecasting the constant values in the model by means of the mathematical statistic method, the optimum pricing for a construction enterprise's projects is evaluated by the technology of matrix game to win the bid and obtain the largest profit with less risk. Finally, a successful application to construction project bidding is given to test the model's validity.
Game Models of Construction Project Bidding with a Composite Base Price
Xue, Yanxia (author)
2014 International Conference on Construction and Real Estate Management ; 2014 ; Kunming, China
ICCREM 2014 ; 686-691
2014-11-03
Conference paper
Electronic Resource
English
Optimal Strategy Modeling for Price-Time Biparameter Construction Bidding
| Online Contents | 2009
Optimal Strategy Modeling for Price-Time Biparameter Construction Bidding
| British Library Online Contents | 2009
| British Library Conference Proceedings | 1997
Models for Bidding Strategies in Construction
| British Library Conference Proceedings | 2000