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A competitive bidding model is presented which enables the practitioner to approximate an optimum bid with little computational effort. Elementary calculus is used to derive a simplified mathematical expression which yields and accurate approximation of the solution to a bidding problem.
A competitive bidding model is presented which enables the practitioner to approximate an optimum bid with little computational effort. Elementary calculus is used to derive a simplified mathematical expression which yields and accurate approximation of the solution to a bidding problem.
An Optimum Bid Approximation Model
Sugrue, Paul (author)
Journal of the Construction Division ; 106 ; 499-505
2021-01-01
71980-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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