DocumentCode
2156195
Title
A Study of Project Bidding Decision Based on Analytical Hierarchy Process Method
Author
Zhang Wei-wei ; Wu Heng-liang ; Wen Guo-feng
Author_Institution
Sch. of Manage. Sci. & Eng., Shandong Inst. of Bus. & Technol., Yantai, China
fYear
2010
fDate
24-26 Aug. 2010
Firstpage
1
Lastpage
4
Abstract
Bidding is a critical activity for most of contractors in face of intense competition. Thus, it is necessary to develop a practical bidding decision method. This paper presents a bidding decision model based on the analytical hierarchy process (AHP) method. As an illustration, a practical example of a construction company is cited, which demonstrates the application of this method and shows how this method can provide the decision makers with convincing and reliable results.
Keywords
construction industry; decision making; matrix algebra; pricing; project management; analytical hierarchy process method; construction company; contractor; project bidding decision model; Analytical models; Companies; Construction industry; Decision making; Mathematical model; Proposals;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2010 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-5325-2
Electronic_ISBN
978-1-4244-5326-9
Type
conf
DOI
10.1109/ICMSS.2010.5576502
Filename
5576502
Link To Document