Bidding Models: Resolution of a Controversey

by Matthew Rosenshine, Assoc. Prof. of Industrial Engrg.; Pennsylvania State Univ., Univ. Park, PA,

Serial Information: Journal of the Construction Division, 1972, Vol. 98, Issue 1, Pg. 143-148

Document Type: Journal Paper

Abstract: The material presented herein offers a resolution of the controversy over the Friedman and Gates bidding models. Both have been shown to be correct in their own way, Friedman's model as a tool to determine an optimum bid, and Gates' model as a description of the results of bidding competitions.

Subject Headings: Bids | Decision support systems | Competition |

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