Theory for Competitive Bidding

by Michael Fuerst, Operations Research Analyst; Const. Engrg. Research Lab., Champaign, Ill.,

Serial Information: Journal of the Construction Division, 1977, Vol. 103, Issue 1, Pg. 139-152

Document Type: Journal Paper

Discussion: Gates Marvin (See full record)


A computer implementable bidding strategy model based on numerical integration is presented and its implications analyzed in a hypothetical competitive environment. Comparisons among data from several empirical bidding studies are made to support the potential usefulness of similar models.

Subject Headings: Bids | Model analysis | Numerical models | Data processing | Comparative studies | Computer models | Case studies | Computer analysis

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