Determining the Minimum Bid Price for Projects Involving Analysis from Multiple Locations
This paper presents a mathematical model and a solution methodology for determining the minimum fee, the best project duration time, and the optimal number of analysts for projects that involve travel to multiple sites or subcontracts with analysts from geographically dispersed locations. Computational experiments with the solution algorithm on twenty-seven randomly generated projects show that (a) the solution methodology efficiently provides an optimal solution, and (b) it provides decisionmakers with alternative next best plans through ex post sensitivity analysis.
Volume (Year): 8 (1993)
Issue (Month): 2 ()
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- Welling, Priscilla, 1977. "A goal programming model for human resource accounting in a CPA firm," Accounting, Organizations and Society, Elsevier, vol. 2(4), pages 307-316, October.
- Price, WL & Martel, A & Lewis, KA, 1980. "A review of mathematical models in human resource planning," Omega, Elsevier, vol. 8(6), pages 639-645.
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