Skitmore, R M (1986) A model of the construction project selection and bidding decision. PhD thesis, University of Salford, UK.
Abstract
The thesis considers one of the central problems of corporate planning for a construction company, the project selection and bidding decision, and a model is developed for the entire decision environment. The nature of decision systems is examined and considered to consist of the identification, evaluation and selection from a range of options. Corporate decisions are discussed leading to the conclusion that a suitable model is needed. A basic model is proposed in which three outcome criteria consisting of people, money and property are required to be assessed, the values of the outcome criteria being determined by four project characteristics. Some approaches to the solution of multiple criteria problems are examined. The implications of time are next considered and the use of Gottinger's sequential machines examined as a means of modelling the complexities involved. Non-deterministic aspects of the problem are introduced which, together with dynamical considerations, suggest a model of intermediate complexity to be appropriate. The final chapters of the thesis concentrate on some ways in which the computational burden associated with the model can be reduced. The role of decision strategies is examined as a means of identifying the most suitable options. The suitability of probabilistic approaches to modelling non-deterministic aspects is investigated and an empirical analysis of three sets of bidding data is made to examine some possible simplifying assumptions.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Aylen, J |
| Uncontrolled Keywords: | bidding; complexity; corporate planning; evaluation; valuation |
| Index terms: | project selection, modelling, option, corporate planning, construction project, suitability, bidding, complexity, strategy, construction company |
| Subjects: | bidding, analytical methods, value management, organization, business, design criteria, systems engineering, decision analysis, production management, management |
| Topics: | Project Management, Engineering Principles, Business Strategy, Procurement, Governance, Risk Management, Design Practice |
| Descriptive scope: | 2 PC |
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