Unbalanced Bidding Models - Theory

by Robert M. Stark,


Serial Information: Journal of the Construction Division, 1968, Vol. 94, Issue 2, Pg. 197-209


Document Type: Journal Paper

Abstract:

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 | Pricing | Revenues | Linear functions | Computer programming

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