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A new method of bid evaluation for renovation projects: Based on unascertained measure theory and entropy weight

Author

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  • Wenlong Li
  • Qin Li
  • Yijun Liu
  • Sunmeng Wang
  • Xingwang Pei

Abstract

To determine the winning bidder of renovation projects scientifically and reasonably, this paper constructs a bid evaluation model for renovation projects based on unascertained measure theory and the entropy weight method. According to the classification criteria of each index, a single-index unascertained measure function is constructed, and the unascertained measure of each index is calculated. The index weight is determined by the entropy weight method, the bid evaluation grade is determined by credible degree recognition criteria, superiority ranking is carried out, and the optimal result is obtained. Finally, an actual case study is used to verify the validity and practicability of the model. This case study shows that the model is an organic combination of the entropy weight method and unascertained measure theory and can provide a new idea for bid evaluation of renovation projects.

Suggested Citation

  • Wenlong Li & Qin Li & Yijun Liu & Sunmeng Wang & Xingwang Pei, 2022. "A new method of bid evaluation for renovation projects: Based on unascertained measure theory and entropy weight," PLOS ONE, Public Library of Science, vol. 17(7), pages 1-17, July.
    • Handle: RePEc:plo:pone00:0271534
    DOI: 10.1371/journal.pone.0271534
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