DECISION-SUPPORT FOR MODELING BID/NO-BID DECISION PROBLEM

The paper presents a decision-support system which is based on the decision-analysis cycle that treats the task of decision making as a 2-stage process. The process is modeled by a deterministic attention-focusing method, followed by a probabilistic decision method. In the context of the bidding problem, the deterministic part is termed the bid/no-bid decision problem and the model presented is termed the deterministic worth-evaluation model. The latter is a weighted additive model. The model is a way of making decisions by quantifying the subjective evaluation and the aspiration level of the bidder.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/8675438
• Corporate Authors:

  American Society of Civil Engineers

  345 East 47th Street
  New York, NY  United States  10017-2398
• Authors:
  • Ahmad, I
• Publication Date: 1990-12

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: p. 595-608
• Serial:
  • Journal of Construction Engineering and Management
  • Volume: 116
  • Issue Number: 4
  • Publisher: American Society of Civil Engineers
  • ISSN: 0733-9364
  • EISSN: 1943-7862
  • Serial URL: http://ascelibrary.org/journal/jcemd4

Subject/Index Terms

• TRT Terms: Bids; Contractors; Decision making; Mathematical models; Probability
• Uncontrolled Terms: Models; Probabilistic analysis
• Subject Areas: Administration and Management; Construction; Data and Information Technology; Highways; I50: Construction and Supervision of Construction;

Filing Info

• Accession Number: 00602961
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 31 1990 12:00AM