Theory for Competitive Biddingby 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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