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Multiple Criteria Decision Making Models For Competitive Bidding

In: New Frontiers Of Decision Making For The Information Technology Era

Author

Listed:
  • S. L. LIU

    (School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China)

  • S. Y. WANG

    (Department of Management Sciences, Natural Science Foundation of China, Beijing 100083, China)

  • K. K. LAI

    (Department of Management Sciences, City University of Hong Kong, Hong Kong)

Abstract

The competitive bidding models for both an owner and a bidder based on multiple criteria are reviewed in this paper. The models include bid/no-bid models, bid markup selection models for bidders, and bid evaluation models for owners. Some of these models are presented mathematically.

Suggested Citation

  • S. L. Liu & S. Y. Wang & K. K. Lai, 2000. "Multiple Criteria Decision Making Models For Competitive Bidding," World Scientific Book Chapters, in: Yong Shi & Milan Zeleny (ed.), New Frontiers Of Decision Making For The Information Technology Era, chapter 19, pages 349-372, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812792907_0019
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    Citations

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    Cited by:

    1. Bana e Costa, Carlos A. & Corrêa, Émerson C. & De Corte, Jean-Marie & Vansnick, Jean-Claude, 2002. "Facilitating bid evaluation in public call for tenders: a socio-technical approach," Omega, Elsevier, vol. 30(3), pages 227-242, June.
    2. Carlos A. Bana e Costa & João C. Lourenço & Manuel P. Chagas & João C. Bana e Costa, 2008. "Development of Reusable Bid Evaluation Models for the Portuguese Electric Transmission Company," Decision Analysis, INFORMS, vol. 5(1), pages 22-42, March.
    3. Anna Khripunova & Konstantin Vishnevskiy & Oleg Karasev & Dirk Meissner, 2013. "Intelligent data systems to aid decision-making at tenders for oil and gas fields development," HSE Working papers WP BRP 07/STI/2013, National Research University Higher School of Economics.
    4. Bana e Costa, Carlos A. & Lourenço, João C. & Chagas, Manuel P. & Bana e Costa, João C., 2007. "Development of reusable bid evaluation models for the Portugese Electric Transmission Company," LSE Research Online Documents on Economics 22697, London School of Economics and Political Science, LSE Library.

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