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 language | English (US) |
|---|---|
| Pages (from-to) | 499-505 |
| Number of pages | 7 |
| Journal | Journal of the Construction Division |
| Volume | 106 |
| Issue number | 4 |
| State | Published - Jan 1 1980 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Environmental Science(all)
- Engineering(all)
- Earth and Planetary Sciences(all)
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AN OPTIMUM BID APPROXIMATION MODEL. / Sugrue, Paul.
In: Journal of the Construction Division, Vol. 106, No. 4, 01.01.1980, p. 499-505.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - AN OPTIMUM BID APPROXIMATION MODEL
AU - Sugrue, Paul
PY - 1980/1/1
Y1 - 1980/1/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0019220201&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0019220201&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0019220201
VL - 106
SP - 499
EP - 505
JO - Journal of Construction Engineering and Management - ASCE
JF - Journal of Construction Engineering and Management - ASCE
SN - 0733-9364
IS - 4
ER -