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Bid markup selection models by use of multiple criteria
Lai, KK; Liu, SL; Wang, SY
2002-05-01
Source PublicationIEEE TRANSACTIONS ON ENGINEERING MANAGEMENT
ISSN0018-9391
Volume49Issue:2Pages:155-160
AbstractMultiple attribute decision modeling is proposed for determining the most preferred bid markup in a competitive bidding situation. In this note, a previously proposed model is extended by introducing two new bidding criteria, called the conditional positive profit and the expected positive profit ratios, respectively. Three two-criteria decision models and a single criteria decision models using the newly introduced criteria are proposed to determine the bidder's most preferred markup level. The simple additive weighting method and the weighting product method are used to solve these models. Two numerical examples from are used to illustrate the different rankings that are obtained when different models and solution methods are used. The results demonstrate that the bidder's preference over the set of bidding criteria has a significant effect on the selection of the bid markup.
Keywordbid markup selection competitive bidding multiple criteria decision making
Language英语
WOS Research AreaBusiness & Economics ; Engineering
WOS SubjectBusiness ; Engineering, Industrial ; Management
WOS IDWOS:000176209000006
PublisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
Citation statistics
Cited Times:9[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/17286
Collection中国科学院数学与系统科学研究院
Affiliation1.City Univ Hong Kong, Dept Management Sci, Hong Kong, Hong Kong, Peoples R China
2.Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China
3.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China
Recommended Citation
GB/T 7714
Lai, KK,Liu, SL,Wang, SY. Bid markup selection models by use of multiple criteria[J]. IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT,2002,49(2):155-160.
APA Lai, KK,Liu, SL,&Wang, SY.(2002).Bid markup selection models by use of multiple criteria.IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT,49(2),155-160.
MLA Lai, KK,et al."Bid markup selection models by use of multiple criteria".IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT 49.2(2002):155-160.
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