Title :
Application of grey entropy clustering decision method to engineering bidding decision-making
Author :
Su Manman ; Zhao Lin ; Sun Yan
Author_Institution :
Coll. of Eng., Ocean Univ. of China, Qingdao, China
Abstract :
In this paper, a novel engineering bidding decision-making model for contractors is presented to overcome the subjectiveness of decision makers in making bidding. In the model, the entropy weight was used to determine the grey clustering weight of decision indexes, while the grey clustering decision was applied to make a comprehensive evaluation of several optional projects. A case study of bidding projects evaluation of a certain contractor firm was presented. Results indicate that the grey entropy clustering decision method is effective for contractors to evaluate the bidding projects, and the proposed method can improve the objectivity and accuracy of evaluation results.
Keywords :
construction industry; decision making; entropy; grey systems; pattern clustering; bidding projects evaluation; comprehensive evaluation; decision index; engineering bidding decision-making model; entropy weight; grey clustering weight; grey entropy clustering decision method; Analytical models; bidding decision-making; entropy weight; grey clustering decision; index;
Conference_Titel :
Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-61284-490-9
DOI :
10.1109/GSIS.2011.6044053