Multi-criteria assessment of the probability of winning in the competitive bidding process
By: CAGNO, E
.
Contributor(s): CARON, F | PEREGO, A.
Material type: 
ArticlePublisher: 2001International Journal of Project Management 19, 6, p. 313-324Abstract: The paper describes a simulation approach based on the Analytic Hierarchy Process (AHP) to assess the probability of winning in a competitive bidding process where competing bids are evaluated on a multiple criteria basis, assuming the point of view of the contractor. The model allows the contractor to define his bidding strategy on the basis of the information currently available concerning the owner, the competitors, and the profile of his own bid. The model is applied to an auction, where a number of contractors compete for the design and construction of a process plant in a developing country
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
The paper describes a simulation approach based on the Analytic Hierarchy Process (AHP) to assess the probability of winning in a competitive bidding process where competing bids are evaluated on a multiple criteria basis, assuming the point of view of the contractor. The model allows the contractor to define his bidding strategy on the basis of the information currently available concerning the owner, the competitors, and the profile of his own bid. The model is applied to an auction, where a number of contractors compete for the design and construction of a process plant in a developing country
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