AN OPTIMUM BID APPROXIMATION MODEL

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

A competitive bidding model is presented which enables the practitioner to approximate an optimum bid with little computational effort. Elementary calculus is used to derive a simplified mathematical expression which yields and accurate approximation of the solution to a bidding problem.

Original languageEnglish (US)
Pages (from-to)499-505
Number of pages7
JournalJournal of the Construction Division
Volume106
Issue number4
StatePublished - Jan 1 1980
Externally publishedYes

ASJC Scopus subject areas

  • Environmental Science(all)
  • Engineering(all)
  • Earth and Planetary Sciences(all)

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