Integration of Simulation‐Based Cost Model and Multi‐Criteria Evaluation Model for Bid Price Decisions
Integration of Simulation‐Based Cost Model and Multi‐Criteria Evaluation Model for Bid Price Decisions
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DOI:
10.1111/j.1467-8667.2007.00480.x
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发表时间:
2007-04
期刊:
影响因子:
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通讯作者:
Wei-Chih Wang;R. Dzeng;Yu-Huang Lu
中科院分区:
文献类型:
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作者:
Wei-Chih Wang;R. Dzeng;Yu-Huang Lu
Abstract: Several criteria affect bidding decisions. Current bidding models determine a markup based on a fixed project construction cost. This work presents a novel bid price determination procedure that is built by integrating a simulation‐based cost model and a multi‐criteria evaluation model. The cost model is used to consider cost uncertainties and generate a bid price cumulative distribution, whereas the multi‐criteria evaluation model applies pairwise comparisons and fuzzy integrals to reflect bidder preferences regarding decision criteria. The relationship between the two models is based on a practical phenomenon in that a bidder has a high probability of winning when criteria evaluations favor his bid, and, consequently, the bidder would bid a low price, and vice versa. The merits of the proposed procedure are demonstrated by its application to two construction projects in Taiwan.