Ahmad, I (1990) Decision-support system for modeling bid/no-bid decision problem. Journal of Construction Engineering and Management, 116(4), pp. 595-608. ISSN 0733-9364
Abstract
A structured methodology for modeling the bid/no-bid decision problem is presented. The method is based on the techniques of decision analysis. The advantages of explicating the decision-making process is emphasized in the paper. Explication of the process brings numerous advantages, including improved communication and documentation of the underlying technique and assumptions. Suggestions are made about how to explicate the decision-making process. A procedure for quantifying the subjective evaluation and the aspiration level of a bidder is outlined. The model is based on a set of attributes obtained as a result of a questionnaire survey conducted among 400 of the top general contractors of the United States. It was assumed that these attributes are independent of each other, implying an additive model. The structured decision-making process, as suggested, is suitable for implementation in a computerized decision-support system. The method is demonstrated with the help of a hypothetical example.
| Item Type: | Article |
|---|---|
| Index terms: | bid/no-bid, questionnaire, methodology, documentation, survey, general contractor, United States, modelling, implementation, bidder, decision-making process, decision analysis |
| Subjects: | decision analysis, professional development, Geography, research methods, analytical methods, bidding, contractual arrangements, practitioner, data collection methods |
| Topics: | Procurement, Roles and Professions, Risk Management, Engineering Principles, Information Management, Geographical Context, Research Practice |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here