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


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 | Computer models | Numerical models | Comparative studies | Case studies | Numerical analysis | Computer analysis

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