Unbalanced Bidding Models - Theoryby Robert M. Stark,
Serial Information: Journal of the Construction Division, 1968, Vol. 94, Issue 2, Pg. 197-210
Document Type: Journal Paper
A class of unbalanced bidding problems appropriate for unit price proposals is indentified. Using the present worth of future revenue as an objective, several models are constructed for optimal unbalancing of a bid. A linear programming formulation is found to emerge in a natural way. The implications of unbalanced bidding to both the bidder and the sponsor are considered.
Subject Headings: Bids | Linear functions | Pricing | Revenues | Computer programming
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